Fed's National Activity Index Drops In January

Tyler Durden's picture

Despite all the exuberant 'soft' survey data, The Fed's National Activity Index dropped in January and missed expectations as 49 of the 85 subcomponents deteriorated.

The Chicago Fed national index, which draws on 85 economic indicators, was minus 0.05 in January versus 0.18 in December.

A reading below zero indicates below-trend-growth in the national economy and a sign of easing pressures on future inflation.

36 of the 85 monthly individual indicators made positive contributions, and 49 of the 85 monthly individual indicators made negative contributions.

This real activity index confirms the decline in the 'hard' data post election...

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Troy Ounce's picture


How many PhD'ers are working in the Department which calculates the National Activity Index.

How many floors do these people occupy?

SomethingSomethingDarkSide's picture

Several, and the clatter of typing could deafen a flock of crows

limited man's picture

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orangegeek's picture

MOAR chart porn - FKG HAWT!!!!

Dead Indiana Sky's picture

That crooked red and green snake looks really hungry.

Apeon's picture

After Borrowing ALL of Tomorrows FOOD the Snake knows there is nothing there to eat!