Jan. Chicago Fed National Activity Index: -0.32 vs. +0.25 (revised) prior.

Jan. Chicago Fed National Activity Index: -0.32 vs. +0.25 (revised) prior.
Comments (2)
  • bbro
    , contributor
    Comments (11219) | Send Message
    Folks it is the 3 month average that is a predictor....
    25 Feb 2013, 08:36 AM Reply Like
  • GaltMachine
    , contributor
    Comments (2069) | Send Message
    "The index’s three-month moving average, CFNAI-MA3, increased to +0.30 in January from +0.23 in December. Given the substantial upward revisions for November and December, January’s CFNAI-MA3 marked the third consecutive reading above zero. Additionally, January’s reading suggests that growth in national economic activity was somewhat above its historical trend. The economic growth reflected in this level of the CFNAI-MA3 suggests limited inflationary pressure from economic activity over the coming year."
    25 Feb 2013, 09:11 AM Reply Like
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