US economy given boost from factories even as housing cooled in April: Chicago Fed
A measure of the U.S. economy from the Chicago Federal Reserve ticked higher in April from March as a stronger performance at factories and a healthy job market offset housing’s weaker contribution. The Chicago Fed’s index of national economic activity was a positive 0.34 last month, gaining from the upwardly revised positive 0.32 in March, though weaker than a downwardly revised positive 0.73 in February.
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