Monday, April 24, 2017

US Economic Growth Decelerating

News
The Chicago Fed National Activity Index (CFNAI) is a monthly index designed to gauge overall economic activity and related inflationary pressure. The deceleration of growth in the CFNAI is matched by a similar trend in the Economic Activity Composite (EAC). If the Fed is going to raise rates under the guise of economic strength, it better get going.




Headline: Chicago Fed National Activity Index (CFNAI)

Led by slower growth in employment-related indicators, the Chicago Fed National Activity Index (CFNAI) moved down to +0.08 in March from +0.27 in February. Two of the four broad categories of indicators that make up the index decreased from February, and one category made a negative contribution to the index in March. The index’s three-month moving average, CFNAI-MA3, decreased to +0.03 in March from +0.16 in February, but remained positive for the fourth consecutive month.


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