Chicago Fed National Activity Index improves to 1.71 in March from -0.66 expected

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  • The Chicago Fed National Activity Index rose more than expected in March.
  • The US Dollar Index remains above 91.00 after the data.

The National Activity Index of the Federal Reserve Bank from Chicago it rose to 1.71 in March from -1.2 in February. This reading was better than the market expectation of -0.66.

“The CFNAI diffusion index, which is also a three-month moving average, rose to +0.40 in March from +0.22 in February,” the publication read. “70 of the 85 individual indicators made positive contributions to the CFNAI in March, while 15 made negative contributions.”

Market reaction

The US Dollar Index It did not show an immediate reaction to this report and was last seen posting small daily losses at 91.05.

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