The markets received another strong signal for the US economy, this time from the Chicago Fed

The markets received another strong signal for the US economy, this time from the Chicago Fed. The Chicago Fed National Activity Index (CFNAI) climbed to +0.21 from -0.15 in April. The three-month average for the index dropped to +0.18 from +0.31 in the prior month, but marks its third consecutive month above zero. Any reading above zero in the CFNAI shows the economy is expanding above its historical trend, while a reading below +0.70 show limited inflationary pressure. The index is made up of 85 economic indicators divided into four major categories. Three of the four major categories climbed in May from the previous month, with 52 of the 85 categories achieving positive levels. Basically, it's once again very good news for the US economy. (VIEW LINK)