The latest release of the Chicago Federal Reserve National Activity Index (CFNAI) indicated that the national economic activity improved in August with the index climbing to a level of 0.14 from a level of -0.43 in July while the three month moving average improved to a level weak of -0.18.
The IRS is under fire for the extra scrutiny its workers gave to 'Tea Party' and 'Patriot' groups' applications for tax-exempt status. Plus, the Dow hit a milestone, jobless claims continued to drop, and other news from around the US economy this week.
The Chicago Federal Reserve National Activity Index climbed from August 2012 to stand at a very weak 0.00 while the three month moving average remained very near contraction territory at -0.37.
The major issue for many countries is that oil is becoming too expensive for the economy to afford, Tverberg writes.
An index used by the Chicago Federal Reserve that measures national economic activity declined in August to stand at a very weak -0.87.
Military intervention toppled Libyan leader Muammar Qaddafi, but it also helped create a possible Islamist haven in northern Mali ... which has prompted more calls for military intervention.
The Chicago Federal Reserve National Activity Index, a weighted index of 85 economic indicators, showed signs of improvement for the US economy.
People are working longer – out of necessity and choice – as the world undergoes one of the biggest demographic shifts in history.