Chicago Fed Index Signals Faster U.S. Economic Growth in September
The Federal Reserve Bank of Chicago’s national activity index rose to 0.07 in September, showing growth above the historical trend.
September’s reading of the Chicago Fed’s national activity index increased from a negative 0.08 in August to a positive 0.07, indicating expansion faster than the long-run average. Gains were driven by stronger production, income, sales, orders and inventories, while employment measures were neutral. Personal consumption and housing shifted from supporting the index in August to weighing it down in September. The three-month moving average also edged higher, reaching 0.03.
Why it matters
The index suggests the U.S. economy is expanding faster than its long-term average, influencing policy and market expectations.
In this story
