- The Chicago Fed National Activity Index fell into negative territory in February.
The National Activity Index of the Federal Reserve Bank of Chicago fell to -1.09 in February from 0.75 (revised from 0.66) in January. This reading was below the market consensus of 0.21.
The CFNAI diffusion index, which is also a three-month moving average, fell to +0.17 in February from +0.34 in January, the bank said. Thirty-four of the 85 individual indicators made positive contributions to the CFNAI in February, while 51 made negative contributions.
The data had no impact on the market. Later on Monday, the February existing home sales report will be released (consensus: 6.49 million).
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