US recession risk rose in May - Chicago Fed index

US - The recession risk for the U.S. economy increased to its highest point this year in May, according to an index released by the Federal Reserve Bank of Chicago on 5 July.

However, the regional Fed bank said that the recent bout of weakness differs from the five downturns since 1967, due partly to the fact that consumer spending is holding in.

The Chicago Fed said that its monthly National Activity Index recovered slightly to -1.06 in May from a revised -1.23 in April. The April reading had

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