The Chicago Fed National Activity Index, which tracks the rate of economic expansion, June numbers came in today at -0.02, below the consensus estimate of 0.10, but above last month’s revised reading of -0.03. The negative rating indicates below-average rate of economic growth compared to the historical average. The index has four major categories that contribute to its level: Employment, Personal Consumption and Housing, Production and Income, and Sales, Orders, and Inventories.
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