Led by declines in production and employment related indicators, the Chicago Fed National Activity Index (CFNAI) decreased to -0.23 in March from +0.76 in February. Three of the four broad categories of indicators that make up the index decreased from February. The index’s 3 month moving average, CFNAI-MA3 decreased to -0.01 in March from +0.12 [...]
On Monday, we had the annual running of the Boston Marathon. Patriots’ Day in Boston. At 3:50PM two bombs went off near the finish line. Three people were killed, including one 8 year old child. Over 130 were injured, some having limbs torn from their bodies. As of now, no one has taken responsibility and [...]
Last Friday (2/15) the Board of Governors of the Federal Reserve system issued a revision to the January 2013 industrial production numbers which showed a contraction of 0.1 percent after having risen 0.4 percent in December and 1.7 percent in November. For the fourth quarter as a whole, manufacturing production as a whole, is now [...]