The Bureau of Labor and Statistics reported today that the Consumer Price Index dropped 0.3%, the first time in 13 months to be exact (February 2016). The CPI is an indicator that measures the weighted average of a basket of goods and services. This comes after a small increase of 0.1% in February. One might … Continue reading The Consumer Price Index Drops for the First Time in Over a Year.
The Department of Commerce released their February report of durable good orders today and it looks like we are heading in the right direction. First, lets explain "durable goods." Durable goods are goods that are meant to last three or more years and do not have to be purchased on a regular basis. This means that … Continue reading The Durable Goods Report is In!
Lets try to make this nice and simple. I'll be honest. I have been following economic indicators since my college days and for some unknown reason, I have not come across this indicator. This is no ordinary economic indicator either. The Chicago Fed National Activity Index (CFNAI) is released monthly and is the weighted average of … Continue reading Chicago Fed National Activity Index. What is it and how important is it?