By Jill Mislinski
"Index points to slower economic growth in January." This is the headline for this morning's release of the Chicago Fed's National Activity Index, and here is the opening paragraph from the report:
Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to -0.43 in January from +0.05 in December. One of the four broad categories of indicators that make up the index decreased from December, and two of the four categories made negative contributions to the index in January. The index's three-month moving average, CFNAI-MA3, decreased to