financetom
Economy
financetom
/
Economy
/
September Chicago Fed National Activity Index Falls Below Expectations
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
September Chicago Fed National Activity Index Falls Below Expectations
Nov 2, 2024 4:22 PM

08:34 AM EDT, 10/24/2024 (MT Newswires) -- The Chicago Federal Reserve Bank's monthly National Activity Index fell to a reading of minus 0.28 in September from minus 0.01 in August, compared with expectations for a reading of 0.50 in a survey of analysts compiled by Bloomberg as of 7:45 am ET.

The three-month moving average fell to minus 0.19 from minus 0.14.

Of the 85 individual indicators, 38 made positive contributions to the index in September, while 47 made negative contributions. Some 39 indicators improved in the month, while 43 indicators deteriorated and three 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 >
Thai cabinet picks Vitai Ratanakorn as next central bank chief
Thai cabinet picks Vitai Ratanakorn as next central bank chief
Jul 22, 2025
BANGKOK (Reuters) -Thailand's cabinet gave its approval on Tuesday for Vitai Ratanakorn to take over as the next central bank governor and revive an economy in the doldrums with limited monetary policy room to work with.  The appointment of Vitai, 54, the president and CEO of the Government Savings Bank, would be subject to royal approval before he starts a five-year...
Bessent says Fed needs exhaustive review of non-monetary policy operations
Bessent says Fed needs exhaustive review of non-monetary policy operations
Jul 21, 2025
WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Monday called on the Federal Reserve to conduct an exhaustive review of its non-monetary policy operations to ensure that mission creep does not jeopardize the independence of its core monetary policy mission. In a posting on X, Bessent said the Fed's autonomy is threatened by persistent mandate creep into areas beyond its...
Bessent calls for deeper US bank regulatory reforms, scrapping dual capital requirements
Bessent calls for deeper US bank regulatory reforms, scrapping dual capital requirements
Jul 21, 2025
WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Monday called for deeper reforms of what he called an antiquated financial regulatory system and said regulators should consider scrapping a flawed, Biden-era proposal for a dual capital requirement structure for banks. Speaking at the start of a Federal Reserve regulatory conference, Bessent said excessive capitalization requirements were imposing unnecessary burdens on...
Fed's Bowman: Fed independence is very important with respect to monetary policy-CNBC
Fed's Bowman: Fed independence is very important with respect to monetary policy-CNBC
Jul 22, 2025
(Reuters) -Federal Reserve Vice Chair for Supervision Michelle Bowman on Tuesday said the central bank's ability to set monetary policy without political interference is very important. It's very important ... that we maintain our independence with respect to monetary policy, Bowman said in a CNBC interview ahead of a day-long conference she is hosting at the Fed on bank regulation....
Copyright 2023-2026 - www.financetom.com All Rights Reserved