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- US: Chicago Fed National Activity Index rises to 0.76 in October from -0.18
US: Chicago Fed National Activity Index rises to 0.76 in October from -0.18
The October Chicago Fed National Activity Index (CFNAI), released by Federal Reserve Bank of Chicago, rose to 0.76 from -0.18 in September, its highest since April 2022. That follows an improvement seen in other October sentiment surveys, such as ISM and Markit's PMI surveys, which showed economic conditions improving on the month. Covid-19 infections dropped back at the end of Q3/start of Q4 and most economists expect the US economy to accelerate into the year's end. Another rise in Covid-19 infections does pose a risk, however.
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