The Chicago Fed National Activity Index (CFNAI) dropped in January to -0.32 from +0.25 in December, the Chicago Fed reports, although the three-month average (CFNAI-3MO) reading rose to +0.30 from an upwardly revised +0.23 in December. Recession risk, in other words, was minimal last month. Although economic growth slowed in the start of the year, [...] View the full post at: Chicago Fed Nat’l Activity Index: Slower Slow Growth In January Related posts: Chicago Fed Midwest Manufacturing Activity Drops to its Weakest in 15 Yrs. ISM-Chicago Purchasers’ Index Decreases to Record Low Levels ISM Services Index Gains In May