Chicago Fed's National Activity index improved to 0.04 in October Chicago Fed's National Activity index improved to 0.04 in October after holding steady at -0.29 in September (revised from -0.37) and August (revised from -0.39). However, the index has been in negative territory in 8 of the 10 months to date (sub-zero reading imply below trend growth). The October 3-month moving average rose to -0.20 from -0.03 in September (revised from -0.09), and August's 0.05 (revised from 0.01).
Fed governor Tarullo said the Fed has done everything Fed governor Tarullo said the Fed has done everything it should do to regulate regional and community banks, but in terms of private equity firms and hedge funds focus is on transactions and systems. He states that it is incumbent on the Fed that vulnerabilities that lead to financial distress are addressed and when regulations become final, it shouldn't cause dramatic shifts since banks will already be making changes. Tarullo notes stress tests at the more important supervisory innovation since the crisis, enhancing macroprudential coverage and he sees a good chance of increased capital requirements as a result. His imprumptu comments on banking regulation via Bloomberg TV shouldn't cause much concern.
Jefferies weather analysts hold an analyst/industry conference call Analyst Research Team, along with weather expert David Streit, provide an update and outlook on the weather on an Analyst/Industry conference call to be held on November 23 at 10:30 am.
Credit Suisse macroeconomics analysts hold an analyst/industry conference call Analysts provide an industry update and outlook on an Analyst/Industry conference call to be held on November 23 at 8 am.