{"id":2542,"date":"2008-02-25T16:44:36","date_gmt":"2008-02-25T16:44:36","guid":{"rendered":"https:\/\/mmm.9dotdigital.ca\/?p=2542"},"modified":"2025-03-27T15:48:35","modified_gmt":"2025-03-27T15:48:35","slug":"fed-index-suggesting-no-recession-through-january","status":"publish","type":"post","link":"https:\/\/mmm.9dotdigital.ca\/?p=2542","title":{"rendered":"Fed index suggesting no recession through January"},"content":{"rendered":"<p>The Chicago Fed national activity index is a weighted average of 85 monthly economic indicators and has an excellent coincident relationship with GDP. As the chart shows, recessions are signalled by the index falling below -1. Historically, this has usually occurred at the onset of economic contractions. <\/p>\n<p>Preliminary January figures released today show the index above the trigger level, at -0.58. This is up from -0.69 in December (revised from a preliminary -0.91). <\/p>\n<p><span class=\"full-image-float-none\"><img decoding=\"async\" style=\"width: 500px; height: 300px\" alt=\"USChicagoFedNAIndex.jpg\" src=\"\/storage\/USChicagoFedNAIndex.jpg\" \/><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Chicago Fed national activity index is a weighted average of 85 monthly economic indicators and has an excellent coincident relationship with GDP. As the chart shows, recessions are signalled by the index falling below -1. Historically, this has usually occurred at the onset of economic contractions. Preliminary January figures released today show the index [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2542","post","type-post","status-publish","format-standard","hentry","category-money-moves-markets"],"_links":{"self":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/2542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2542"}],"version-history":[{"count":1,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/2542\/revisions"}],"predecessor-version":[{"id":4851,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/2542\/revisions\/4851"}],"wp:attachment":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}