loanDepot officially files for IPO

loanDepot officially files for IPO

Number of shares, price range to be determined

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks

House passes bipartisan TRID grace period bill 303-121

Next comes Senate, then looming threat of veto from White House

Chicago Fed says housing remains a weak spot in the economy

/ Print / Reprints /
| Share More
/ Text Size+
The Federal Reserve Bank of Chicago's national activity index, which measures the country's overall economic activity, slipped into negative territory in February as the central bank noted continued weakness in the housing market. The Fed said a decline in consumption and housing activity offset positive economic data, causing the index to slip to -0.04 last month, compared to a positive index level of 0.01 in January. The Chicago Fed National Activity Index weighes 85 different economic indicators -- including production and income, employment, unemployment, hours, personal consumption, housing, sales, inventories and orders -- to compile its report. Even though housing continues to drag on the index, the Federal Reserve Bank of Chicago previously predicted improvement in the housing sector in 2011. In a report released a few months back, the Fed said it expects an increase in residential investments this year and at least a slight drop in unemployment. Write to Kerri Panchuk.

Recent Articles by Kerri Panchuk

Comments powered by Disqus