Chicago Federal Reserve Bank Awards Macroeconomic Advisers by IHS Markit Three Forecasting Accolades
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LONDON--(BUSINESS WIRE)--Macroeconomic Advisers by IHS Markit provided the most accurate forecasts for key U.S. economic indicators in 2018 according to the Federal Reserve Bank of Chicago, IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, announced today.
The Macroeconomic Advisers by IHS Markit team was recognized for the best industrial production, ten-year treasury rate and net exports forecasts. The forecasts were presented at the Federal Reserve Bank of Chicago’s 32nd annual Economic Outlook Symposium in November.
“These awards further illustrate the quality of what our experts do every day and the value IHS Markit delivers to its clients,” said Zbyszko Tabernacki, senior vice president and head of economics and country risk at IHS Markit. “The IHS Markit econometric forecasting model produces the most detailed, commercially-available macroeconomic outlook of the U.S economy, vital to firms making long term decisions in these uncertain times.”
Other recent accolades for IHS Markit in economic forecasting include most accurate U.S. economic forecaster from the Wall Street Journal and also Focus Economics. Nariman Behravesh, chief economist, and the IHS Markit U.S. macroeconomic team also received the Lawrence R. Klein Award for forecasting accuracy.
The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the nation’s central bank. The Chicago Reserve Bank serves the Seventh Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan and the state of Iowa. In addition to participation in the formulation of monetary policy, each Reserve Bank supervises member banks and bank holding companies, provides financial services to depository institutions and the U.S. government, and monitors economic conditions in its District.
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IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
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