In June, the Chicago Fed economic index declined.

DOW JONES, CHICAGOIn June, the U.S. economy saw a modest decline. The Federal Reserve Bank of Chicago reported that the Chicago Fed National Activity Index (CFNAI) decreased to a level of minus 0.32. After initially reporting a value of minus 0.15, the index reading for May was changed to negative 0.28.

A corrected value of minus 0.21 was announced for May after a reading of minus 0.14 had previously been published, while the more significant three-month moving average improved marginally to minus 0.16 in June.
Economic growth at historical trend levels is indicated by a CFNAI of zero. An index reading below the historical trend level suggests expansion, whilst a reading above the trend level indicates growth.

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