Monday, February 25, 2008

Chicago Fed Index

The Chicago Fed National Activity Index was released this morning and showed that the index was –0.58 in January, up from –0.69 in December. All four broad categories of indicators made negative contributions to the index in January.

One surprise in the release was that the index showed that January’s three-month moving average indicates low inflationary pressure from economic activity over the coming year.

The full release is here.

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