Chicago Fed National Activity For July 0.12 Vs -0.33 Prior
Portfolio Pulse from Happy Mohamed
The Chicago Fed National Activity for July has improved to 0.12, up from -0.33 in the previous month.
August 24, 2023 | 12:31 pm
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POSITIVE IMPACT
The improvement in the Chicago Fed National Activity for July may have a positive impact on the SPY ETF, as it indicates a healthier economy.
The Chicago Fed National Activity Index is a broad measure of economic activity. An improvement in this index indicates a healthier economy, which is generally positive for the stock market and therefore for the SPY ETF, which tracks the S&P 500.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75