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 >
S&P 500 to gain over 8% by end of next year after strong 2024: Reuters poll
S&P 500 to gain over 8% by end of next year after strong 2024: Reuters poll
Nov 26, 2024
NEW YORK (Reuters) - The S&P 500 will rise over 8% between now and end-2025 as U.S. interest rate cuts and potentially less regulation under President-elect Donald Trump extend the market's strong run, according to a Reuters poll of equity strategists. Continued U.S. economic health will boost earnings growth, and some strategists cited financials as among their top sector picks...
US monthly house prices rise strongly in September
US monthly house prices rise strongly in September
Nov 26, 2024
WASHINGTON (Reuters) - U.S. single-family house prices increased solidly in September, which together with a resurgence in mortgage rates will further reduce affordability for many prospective homeowners. House prices jumped 0.7% on a month-on-month basis after an upwardly revised 0.4% rise in August, the Federal Housing Finance Agency said on Tuesday. Prices were initially reported to have gained 0.3% in...
Factbox-Who's been picked, who's in the running for Trump's cabinet
Factbox-Who's been picked, who's in the running for Trump's cabinet
Nov 26, 2024
By Gram Slattery (Reuters) -President-elect Donald Trump has picked his cabinet and a flurry of other high-ranking administration positions following his Nov. 5 election victory. Here are the announced choices and top contenders for some of the key posts overseeing defense, intelligence, health, diplomacy, trade, justice, immigration and economic policymaking. SCOTT BESSENT, TREASURY SECRETARY As Trump's Treasury secretary, Bessent would...
November Philadelphia Fed Regional Nonmanufacturing Activity Index Indicates Contraction
November Philadelphia Fed Regional Nonmanufacturing Activity Index Indicates Contraction
Nov 26, 2024
08:41 AM EST, 11/26/2024 (MT Newswires) -- The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index fell to minus 5.9 in November from 6.0 in the previous month, indicating a return to contraction in the sector. The index is in line with the New York Federal Reserve's services measure but in contrast with the Kansas Fed and the S&P Global...
Copyright 2023-2026 - www.financetom.com All Rights Reserved