For 19 straight months, the smoothed average of the Chicago Fed’s National Activity Index has been in contraction. This is the longest period of contraction without a recession in the 49 year history of the indicator…
August’s CFNAI crashed to -0.55 (against expectations of +0.15)…
It’s probably nothing.
The post Fed’s National Activity Indicator Average In Contraction For 19th Month – Worst Non-Recessionary Streak In 49 Years appeared first on crude-oil.top.