Central Banking

US economy "quite weak" in September-Chicago Fed

US - The U.S. economy was "quite weak" and performed below trend for the 15th straight month in September, the Federal Reserve Bank of Chicago said on Monday.

The Chicago Fed said its monthly National Activity Index inched up to -1.28 in September from -1.30 in August. The three-month moving average, considered a more reliable gauge since it smooths out monthly fluctuations, was -0.95 in September, up from -1.02 in August.

It was the 15th straight month that the three-month average was below ze

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