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24 Oct 2022
US: Chicago Fed National Activity Index stays unchanged at 0.1 in September
- Chicago Fed's National Activity Index stayed unchanged in September.
- US Dollar Index stays in positive territory above 112.00.
The Federal Reserve Bank of Chicago's National Activity Index (CFNAI) stayed unchanged at 0.1 in September. This reading came in slightly better than the market expectation of -0.04.
"The CFNAI Diffusion Index, which is also a three-month moving average, increased to +0.35 in September from +0.16 in August," the publication read.
According to the Chicago Fed, a zero value for the CFNAI is associated with the national economy expanding at its historical trend (average) rate of growth.
Market reaction
This report doesn't seem to be having a significant impact on the dollar's performance against its rivals. As of writing, the US Dollar Index was up 0.4% on the day at 112.30.