Fed's National Activity Indicator Average In Contraction For 19th Month - Worst Non-Recessionary Streak In 49 Years

For 19 straight months, the smoothed average of the Chicago Fed's National Activity Index has been in contraction. This is the longest period of contraction without a recession in the 49 year history of the indicator...

August's CFNAI crashed to -0.55 (against expectations of +0.15)...

 

It's probably nothing.