Chicago Fed Index: Still Slowing, Not in Recession Territory

The Chicago Fed Index was released today, saying:

The Chicago Fed National Activity Index was +0.01 in March, up from –0.11 in February. The employment category made a positive contribution to the index, while the production and income category as well as the consumption and housing category made negative contributions to the index.

As the chart highlights, while the data indicates moderate economic slowing we are not yet seeing the type of decline associated with a recession.

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