Chicago Fed National Activity Index For June was reported at -0.63 vs. May reading of +0.28. Chicago Fed National Activity Index 3-month moving average was at -0.05. When the CFNAI three month moving average value moves below–0.70 following a period of economic expansion, there is an increasing likelihoodthat a recession has begun. Report. Led by deterioration in […]

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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 […]

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