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Pace of Growth Still Sluggish in the U.S.

As the chart above indicates, the U.S. economy grew last month. The Chicago Fed National Activity Index rose 0.14 in August. Moreover, the three months moving average increased to -0.18 in August from -0.24 in July.  But as the data indicates, the pace of growth is still marginal. Anything reading above zero  indicate trends above historical average. On the other hand, below historical trends are anything readings below zero.