Company News, Financial News

US Economy Picks Up

Chicago Fed's national activity index revised upward for October.

The Chicago Fed's national activity index, which is designed to gauge overall US economic activity, rose to 0.83% in October from a revised 0.32 in the prior mark. That's the first gain in four months.  The CFNAI is a weighted average of 85 existing monthly indicators of national economic activity. It is constructed to have an average value of zero and a standard deviation of one. Since economic activity tends toward trend growth rate over time, a positive index reading corresponds ...

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