THE BASIS POINT

Chicago Fed Manufacturing: Growing but Slower.

 

Chicago Federal Reserve National Activity Index  (June 2014)

– Index level 0.12.  Previous was 0.21

– 3 Month Moving Average 0.13. Previous was 0.19.

The economy is still growth but at a slower pace.  As repeated here weekly too little attention had been paid lately as to just how poor economic growth in the U.S. has been lately.

 

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