US: Chicago Fed National Activity Index declines to -0.05 in October

Chicago Fed's National Activity Index fell into negative territory in October.
US Dollar Index clings to strong daily gains above 107.50.

Eren Sengezer FXStreet

The Federal Reserve Bank of Chicago's National Activity Index (CFNAI) declined to -0.05 in October from 0.17 in September.

"The CFNAI Diffusion Index, which is also a three-month moving average, decreased to +0.13 in October from +0.25 in September," the publication further read. "Forty-five of the 85 individual indicators made positive contributions to the CFNAI in October, while 40 made negative contributions."

Market reaction

This data failed to trigger a noticeable market reaction. As of writing, the US Dollar Index was up 0.75% on the day at 107.77.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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