Chicago Fed National Activity Index at -0.37 for May
The May Chicago Fed National Activity index came out at -0.37 against a previous -0.45 and an expected -0.05. Negative readings indicate a below trend growth while zero indicates an economic expansion in line with historical trends.
The index is a weighted average of a number of broader based indicators. The index gauges economic growth and potential inflation.
At the time of writing the EUR/USD has reached lows of 1.4153.
Good Day.
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