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Posted August 25, 2014

Chicago Fed National Activity Index shows growth

Led by improvements in production-related indicators, the Chicago Fed National
Activity Index rose to +0.39 in July from +0.21 in June.


The index’s three-month moving average increased to +0.25 in July from +0.16 in June, marking its fifth consecutive reading above zero. July’s three-month index suggests that growth in national economic activity was somewhat above its historical trend. The economic growth reflected in this level suggests limited inflationary pressure from economic activity over the coming year.

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