Chicago Fed National Activity For September 0.02; -0.22 Prior
Portfolio Pulse from Benzinga Newsdesk
The Chicago Fed National Activity for September was reported at 0.02, showing an improvement from the previous month's figure of -0.22.
October 23, 2023 | 12:30 pm
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POSITIVE IMPACT
The SPY ETF, which tracks the S&P 500, may be impacted by the improved economic activity as reported by the Chicago Fed.
The Chicago Fed National Activity Index is a broad measure of economic activity. An improvement in this index indicates better economic conditions, which is generally positive for the stock market. As SPY tracks the S&P 500, it is likely to be positively impacted by this news.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75