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Breaking Posted 9 hours ago

Chicago Fed National Activity Index falls to -0.08 in July

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The Chicago Fed National Activity Index declined to -0.08 in July, missing expectations of -0.05 and marking a deterioration from June's -0.02 (revised from +0.06). The negative reading signals weakening economic momentum, reinforcing the growth-weakness narrative that may temper Fed hawkishness ahead of September rate decisions. USD likely to face headwinds if this supports dovish repricing.
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