The Chicago Fed National Activity Index for February increased to positive 0.34 from an upwardly revised negative 0.02 in January, first reported as negative 0.05, while the three-month moving average (CFNAI-MA3) soared to positive 0.25 from an upwardly revised positive 0.07 in January, first reported as negative 0.03, the Federal Reserve Bank of Chicago reported Monday.

CFNAI-MA3 was at its highest reading since December 2014.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.