U.S. Weekly Leading Index Slips
The U.S. Weekly Leading Index slipped to 130.0 from 130.8. The growth rated ticked down to -4.3% from -4.0%. The decline in WLI growth points to slower overall growth in coming months.
A Framework That Provides Clarity
During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.
The U.S. Weekly Leading Index slipped to 130.0 from 130.8. The growth rated ticked down to -4.3% from -4.0%. The decline in WLI growth points to slower overall growth in coming months.
One of 2014's biggest surprises – falling oil prices – is completely consistent with our timely call on global growth. When made last July, that forecast was opposed to the consensus view. More