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.



Underlying Inflation Pressures Rise

U.S. inflationary pressures rose in April, according to the U.S. Future Inflation Gauge (USFIG) designed to measure underlying inflationary pressures and thereby predict turning points in the U.S. inflation cycle. The USFIG, whose upturn anticipated the current upswing in inflation, is now at a 25-month high.