June Chicago Fed National Activity Index At -0.46

July 25th, 2011 by Belisarius

(For June 2011)

Chicago Fed National Activity Index for June was reported at -0.46 vs. revised May reading of -0.55. Chicago Fed National Activity Index 3-month moving average is at -0.6.

CFNAI is pointing to zero economic growth, when index 3-month moving average moves bellow -0.7 there is “an increasing likelihood that a recession has begun”. Very close…





				
	          

          

          
				

					
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