Chicago Fed index on U.S. economy improves

Marketwatch ^ | 10.24.11 | Jeffry Bartash

[Free Vulcan]

The Federal Reserve Bank of Chicago's national activity index, which gauges the health of the U.S. economy, improved to -0.22 in September from -0.59 in August...A three-month average of the index, meanwhile, rose to -0.21 from negative -0.28

[Free Vulcan]

Most of the Fed indexes are still below water.

[Longbow1969]

Markets will be happy. The rally continues!

[Jack of all Trades]

Yay! the ship isn’t as fast as it was before. Continue with the deck chair rearrangement. This, coupled with the lack of news about the EU leaders being able to face reality, should result in another 200 point market melt up.

Happy days are here again!.

[DJ MacWoW]

Not Supporting FR?

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"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that, the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

~ Senator Barack H. Obama, March 2006