Posted March 23, 2015
February economic growth slightly below average
The Chicago Fed National Activity Index edged lower to –0.11 in February
from –0.10 in January.
The index’s three-month moving average declined to –0.08 in February from +0.26 in January. February’s CFNAI-MA3 suggests that growth in national economic activity was slightly below its historical trend. The economic growth reflected in this level of the CFNAI-MA3 suggests subdued inflationary pressure from economic activity over the coming year.