He National Activity Index of the Federal Reserve Bank of Chicago (CFNAI) fell from 1.11 (revised from 0.79) in August to 0.27 in September. This reading was worse than the market expectation of 0.39.
“The CFNAI diffusion index, which is also a three-month moving average, decreased to +0.51 in September from +0.71 in August,” the report reads. Fifty of the 85 individual indicators made positive contributions to the CFNAI in September, while 35 were negative.
Later the Dallas Fed Manufacturing Activity Index and the report of sale of new homes.
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Credits: Forex Street
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