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Chicago Fed Sees Downturn More Likely.(A)

Investor's Business Daily

| April 04, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The likelihood that the U.S. is in a recession has risen, but the nation may very well steer clear of a serious economic downturn,the Federal Reserve Bank of Chicago said on Tuesday.

The Chicago Fed said its National Activity Index was -0.89 in February, a slight decline from a revised -0.87 reading in January. The three-month moving average, which smooths out month-to-month swings, was -0.81 in February, down from January's -0.78.

Economists at the Chicago Fed said that while the decline in the index suggests an increased probability that the ...

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