Saturday, April 29, 2023

Regional Fed surveys fall again in April

 Five of the regional Federal Reserve Offices run surveys of the region they are responsible for.   Unfortunately, neither the Chicago Fed nor the San Francisco Fed run surveys for their regions, though there is a Chicago survey from the Institute of Supply Management (ISM).  Even though the regional Fed surveys don't cover the whole country, the average of the five correlates very well with GDP and the national ISM survey.





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