untitled design

US: Chicago Fed National Activity Index falls to -0.19 in February, vs. 0 expected

  • The Chicago Fed’s national activity index fell more than expected in February.
  • The DXY Dollar Index recovers towards 102.50 after the data was released.

The Chicago Federal Reserve National Activity Index (CFNAI) fell to -0.19 in February, compared to 0.23 in January. This reading resulted weaker than market expectation from 0.

“The CFNAI diffusion index, which is also a three-month moving average, rose to +0.02 in February from -0.07 in January,” the Chicago Fed said in its release. “Thirty-eight of the 85 individual indicators made positive contributions to the CFNAI in February, while 47 made negative contributions.”

Market reaction

The DXY Dollar Index has staged a modest rebound early in the American session and is now down 0.12% on the day, sitting at 102.40.

Source: Fx Street

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular