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 >
US labor costs increase more than expected in first quarter
US labor costs increase more than expected in first quarter
Apr 30, 2024
WASHINGTON (Reuters) - U.S. labor costs increased more than expected in the first quarter amid a rise in wages and benefits, confirming the surge in inflation early in the year. The Employment Cost Index (ECI), the broadest measure of labor costs, increased 1.2% last quarter after rising by an unrevised 0.9% in the fourth quarter, the Labor Department's Bureau of...
US Dollar Rallies After Fed's Preferred Measure of Wage Growth Surprises Stronger
US Dollar Rallies After Fed's Preferred Measure of Wage Growth Surprises Stronger
Apr 30, 2024
08:51 AM EDT, 04/30/2024 (MT Newswires) -- The US dollar extended gains over all major currencies in early North American trade on Tuesday after the Federal Reserve's preferred measure of wage growth surprised sharply on the upside of expectations for Q1. The Employment Cost Index, a leading indicator of wage growth that is closely watched by Fed policymakers, rose 1.2%...
US labor costs increase more than expected in first quarter
US labor costs increase more than expected in first quarter
Apr 30, 2024
WASHINGTON (Reuters) - U.S. labor costs increased more than expected in the first quarter amid a rise in wages and benefits, confirming the surge in inflation early in the year. The Employment Cost Index (ECI), the broadest measure of labor costs, increased 1.2% last quarter after rising by an unrevised 0.9% in the fourth quarter, the Labor Department's Bureau of...
US Dollar Rises Early Tuesday Ahead of Busy Data Schedule
US Dollar Rises Early Tuesday Ahead of Busy Data Schedule
Apr 30, 2024
07:44 AM EDT, 04/30/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday, except for a decline versus the euro, ahead of a very busy data schedule that starts with employment cost data for Q1 at 8:30 am ET. Weekly Redbook same store sales are set to be released at 8:55 am ET, followed by...
Copyright 2023-2025 - www.financetom.com All Rights Reserved