United States: Chicago Fed National Activity Index - Composite Index (SA)

Macro

2026-09-21

Description

-

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

AI Data Insight

In the third quarter of 2026, the latest US Chicago Fed National Activity Index (CFNAI) reported at -0.04, outperforming market expectations and narrowing from the previous value of -0.08, indicating an easing of downward pressure on economic activity. Among the subcomponents, production indicators were the main drag, while employment and consumption provided positive support. The three-month moving average remained steady above the zero line, further consolidating the market's optimistic expectation for an economic soft landing.

AI Data Insight

In the third quarter of 2026, the latest US Chicago Fed National Activity Index (CFNAI) reported at -0.04, outperforming market expectations and narrowing from the previous value of -0.08, indicating an easing of downward pressure on economic activity. Among the subcomponents, production indicators were the main drag, while employment and consumption provided positive support. The three-month moving average remained steady above the zero line, further consolidating the market's optimistic expectation for an economic soft landing.

Description

-

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