Chicago Fed report shows housing still a drag on economy
OtherThe Federal Reserve Bank of Chicagosaid its national activity index, which reflects inflationary pressures and economic growth, remained in positive territory in January for the second straight month, while housing issues continue to stifle overall growth. The survey gives a score of zero and above when the economy is expanding, while negative values show a decline in growth. Overall, the index fell to 0.22 in January from 0.54 in December, indicating the economy is growing but at a slower pace. Data from consumption and housing contributed a negative 0.27 to […]
