On a rolling three-month basis, the index posted a reading of 0.30 in February, up from 0.22 in January. That’s the highest reading since May 2010 and indicates that the national economy is growing faster than its historical trend.
The Chicago Fed press release is available here.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
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