In a recent economic development, the Kansas City Federal Reserve reported that the KC Fed Composite Index fell to -8 in April 2024. This drop comes after the indicator had previously stalled at -7 in March 2024. The updated data was released on 25th April 2024, indicating a continuing decline in economic activity in the region.
The KC Fed Composite Index serves as a key measure of economic performance in the United States, specifically in the region covered by the Kansas City Federal Reserve. A decrease in this index suggests a slowdown in economic growth and overall business activity. Analysts will be closely monitoring future updates to assess the impact of this decline on the broader national economy.
