financetom
Economy
financetom
/
Economy
/
October Chicago Fed National Activity Index Declines Unexpectedly
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
October Chicago Fed National Activity Index Declines Unexpectedly
Nov 25, 2024 5:49 AM

08:38 AM EST, 11/25/2024 (MT Newswires) -- The Chicago Federal Reserve Bank's monthly National Activity Index fell to a reading of minus 0.40 in October from minus 0.27 in September, compared with expectations for an increase to a reading of minus 0.20 in a survey compiled by Bloomberg as of 7:35 am ET.

The three-month moving average decreased to minus 0.24 from minus 0.21.

Of the 85 individual indicators, 30 made positive contributions to the index in October, while 55 made negative contributions. Some 35 indicators improved in the month, while 48 indicators deteriorated and two were unchanged.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Key U.S. mortgage rate drops to lowest since March, Freddie Mac says
Key U.S. mortgage rate drops to lowest since March, Freddie Mac says
Jul 18, 2024
NEW YORK (Reuters) - The average interest rate on the popular U.S. 30-year fixed-rate mortgage fell to its lowest level since mid-March this week, a welcome development for a housing market struggling to find its footing and one that may continue if the Federal Reserve cuts rates as expected in the months ahead. The 30-year fixed-rate mortgage averaged 6.77% during...
Weekly Jobless Claims Top Street Estimates, Government Data Show
Weekly Jobless Claims Top Street Estimates, Government Data Show
Jul 18, 2024
12:17 PM EDT, 07/18/2024 (MT Newswires) -- Weekly applications for unemployment insurance in the US increased more than market expectations, while continuing claims reached their highest level since late November 2021, government data showed Thursday. The seasonally adjusted number of initial claims advanced by 20,000 to 243,000 in the week ended July 13, according to the US Department of Labor....
Blackstone Hits Two-Year Investment Peak, Anticipates Fed Rate Cuts Amid Easing Inflation: Report
Blackstone Hits Two-Year Investment Peak, Anticipates Fed Rate Cuts Amid Easing Inflation: Report
Jul 18, 2024
Blackstone Inc. ( BX ) reportedly ramped up its investment activity to a two-year peak in the second quarter, anticipating the U.S. Federal Reserve’s impending interest rate cuts. The head of the private investment group based in New York informed the Financial Times that inflation appeared to be easing across its portfolio, including its substantial $336 billion property business. “The...
Fed's Logan hails progress in prepping banks for discount window
Fed's Logan hails progress in prepping banks for discount window
Jul 18, 2024
NEW YORK (Reuters) - Dallas Federal Reserve President Lorie Logan said on Thursday the U.S. central bank is making progress in making sure banks can tap Fed emergency liquidity if needed. The Fed's discount window, which stands ready to lend to deposit-taking banks, along with other central bank liquidity tools, have been effective in supporting the stability of the banking...
Copyright 2023-2026 - www.financetom.com All Rights Reserved