Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Chicago Fed: U.S. Economy Generally Weak Ahead of Election

Chicago Fed: U.S. Economy Generally Weak Ahead of Election

Bitget2024/10/24 12:51

Oct. 24 - U.S. economic growth eased slightly last month, according to a monthly index released Thursday. Americans are watching who will be the next president. The Chicago Fed's National Activity Index fell to -0.28 in September from -0.01 in August, the Fed said.A reading above zero indicates that economic growth is averaging positive. Meanwhile, the index's three-month moving average fell to -0.19 from -0.14, further signaling a generally weak trend in economic activity ahead of the uncertain presidential election in early November. Historically, the diffusion index of the Chicago Fed's National Activity Index has generally been above -0.35 during periods of economic expansion, while the figure has now risen to -0.16 from -0.21 in August.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Bowman: The Federal Reserve is expected to cut rates two more times this year
2
The US OFAC seeks to confiscate over 120,000 BTC linked to an international "pig-butchering" scam.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$111,307.32
-2.68%
Ethereum
Ethereum
ETH
$3,971.55
-3.73%
Tether USDt
Tether USDt
USDT
$1
-0.03%
BNB
BNB
BNB
$1,185.19
-6.64%
XRP
XRP
XRP
$2.45
-5.26%
Solana
Solana
SOL
$195.59
-0.22%
USDC
USDC
USDC
$1
+0.03%
Dogecoin
Dogecoin
DOGE
$0.1992
-4.42%
TRON
TRON
TRX
$0.3115
-2.94%
Cardano
Cardano
ADA
$0.6800
-4.77%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter