Chicago Fed National Activity Index For May At 0.21

Could not post this yesterday, because of problems at my hosting service caused disruption in Tainted Alpha Blog avilability. My apologies for that.

Chicago Fed national activity index is one of the indicators that correctly predicted this ongoing recession. For May it was reported at 0.21, given its positive reading it is not pointing to a double-dip (jet). The next month reading will be the interesting one.

Chart 1. Chicago Fed National Activity Index

Chicago FED

This entry was posted on Tuesday, June 29th, 2010 at 5:38 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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