United States: Chicago Fed National Activity Index - Personal Consumption and Housing

Macro

2026-09-21

Description

-

Published by
Federal Reserve Bank of Chicago (Choice)
Frequency
Monthly
Next Update

AI Data Insight

The latest Chicago Fed National Activity Index (CFNAI) shows that the personal consumption and housing sub-component rebounded to 0.01 in Q3 2026, a significant improvement from the previous value of -0.09, turning from negative to positive. Although overall economic activity and the production side experienced a slowdown, consumer spending and home-buying demand from high-net-worth individuals continue to support overall momentum. However, as mortgage rates approach 7% and inflation remains sticky, future housing affordability still faces challenges.

AI Data Insight

The latest Chicago Fed National Activity Index (CFNAI) shows that the personal consumption and housing sub-component rebounded to 0.01 in Q3 2026, a significant improvement from the previous value of -0.09, turning from negative to positive. Although overall economic activity and the production side experienced a slowdown, consumer spending and home-buying demand from high-net-worth individuals continue to support overall momentum. However, as mortgage rates approach 7% and inflation remains sticky, future housing affordability still faces challenges.

Description

-

Published by
Federal Reserve Bank of Chicago (Choice)
Frequency
Monthly
Next Update