2026.07.2315:00:00UTC+00U.S. KC Fed Composite Index Slips to 9 in July, Signaling Moderation in Regional Activity

The Federal Reserve Bank of Kansas City’s Composite Index for the United States eased to 9 in July 2026, down from 11 in June 2026, indicating a modest cooling in regional economic activity. The latest reading, updated on 23 July 2026, suggests that while growth continues, its momentum has softened compared with the previous month.

June’s index level of 11 had pointed to relatively stronger conditions across the district, but the July decline to 9 may reflect emerging headwinds or a normalization after earlier gains. Although the index remains in positive territory, the two‑point drop will likely draw attention from market participants monitoring the trajectory of U.S. regional economic performance in the second half of the year.