The Chicago Fed National Activity Index moved up to zero in July, indicating economic growth was at the historical trend rate, after being below average in June. The 10-year Treasury rate declined in August and remains at historic lows of 2.62%, down from 3.5% in July and 3.62% a year ago, suggesting continued low borrowing costs in financial markets including mortgage rates. Overall the report signals stabilizing economic activity and favorable interest rate environment.

1. Daily Economic Update
Daily Economic Update
August 23 , 2010
 An indicator of economic activity, the Chicago Fed
An indicator of economic activity the Chicago Fed
National Activity Index moved up to zero in July, from ‐0.70
in June. An index value of zero points to national
economic growth along historical trend rates; a negative
i th l hi t i l t d t ti
value indicates growth rates that are below‐average, while a
positive value denotes above‐average growth.
 The 10‐year Treasury rate declined in August and continues
to be at historic lows. As of August 20, the rate was 2.62
percent. In July of this year the rate was 3.50 percent, while
percent In July of this year the rate was 3 50 percent while
a year ago the rate was 3.62.
 The low rate bodes well for the cost of borrowing in other
g
financial markets, and points to continued low mortgage
rates. Produced by NAR Research