declines in production related indicators The Chicago Fed National Activity Index (CFNAI) decreased to -0.53 in April from -0.23 in March. The index’s 3 month moving average CFNAI-A3 ticked up to -0.04 in April from -0.05 in March. April’s CFNAI-MA3 suggests that growth in national economic activity was very near its historical trend. The economic [...]