Chicago Fed National Activity Stagnates At 20-Month Lows…”confirms the six-out-of-six regional fed surveys that shout recession.”
by Tyler Durden
ZeroHedge.com
10/22/2015
With a very modest rise from -0.39 to -0.37, The Chicago Fed National Activity Index is holding at its lowest since January 2014’s weather-blamed collapse. September’s negative print is the 7th (of 9) this year, the worst grouping since 2012. For the first time since June, the 3-month average (which most watch) has dropped negative again. This merely confirms the six-out-of-six regional fed surveys that shout recession.
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