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- US: Chicago Fed National Activity Index declines to -0.05 in October
US: Chicago Fed National Activity Index declines to -0.05 in October
- Chicago Fed's National Activity Index fell into negative territory in October.
- US Dollar Index clings to strong daily gains above 107.50.
The Federal Reserve Bank of Chicago's National Activity Index (CFNAI) declined to -0.05 in October from 0.17 in September.
"The CFNAI Diffusion Index, which is also a three-month moving average, decreased to +0.13 in October from +0.25 in September," the publication further read. "Forty-five of the 85 individual indicators made positive contributions to the CFNAI in October, while 40 made negative contributions."
Market reaction
This data failed to trigger a noticeable market reaction. As of writing, the US Dollar Index was up 0.75% on the day at 107.77.
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