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Posted March 23, 2015

February economic growth slightly below average

The Chicago Fed National Activity Index edged lower to –0.11 in February
from –0.10 in January.


The index’s three-month moving average declined to –0.08 in February from +0.26 in January. February’s CFNAI-MA3 suggests that growth in national economic activity was slightly below its historical trend. The economic growth reflected in this level of the CFNAI-MA3 suggests subdued inflationary pressure from economic activity over the coming year.

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