The CFNAI Edged Up in January Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) edged up in January to +0.13 from -0.07 in December. The index’s three month moving average (CFNAI-MA3) ticked down to +0.33 in January from +0.34 in December. January’s CFNAI-MA3 suggests growth in national economic activity was [...]