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The Chicago Fed National Activity Index fell to -0.34 in July.
August 22, 2024 21:30 JST
The National Activity Index for July, announced by the Chicago Fed, decreased to -0.34. Market estimates were +0.03. The previous month was -0.09.
When the index falls below zero, it suggests that the U.S. economy is growing below past trends and indicates signs of easing future inflation pressures.
Among the 85 monthly individual indicators, 28 contributed positively, while 57 contributed negatively.
The National Activity Index for July, announced by the Chicago Fed, decreased to -0.34. Market estimates were +0.03. The previous month was -0.09.
When the index falls below zero, it suggests that the U.S. economy is growing below past trends and indicates signs of easing future inflation pressures.
Among the 85 monthly individual indicators, 28 contributed positively, while 57 contributed negatively.
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