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.



WLI Drops

A measure of future U.S. economic growth dipped last week, though the annualized growth rate continued to improve to its highest level in six months, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based  independent forecasting group, said its Weekly Leading Index edged down to 123.2 in the week ended Feb 17 from a downwardly revised 123.4 the previous week. That was originally reported as 123.5. 

The index's annualized growth rate gained to minus 3.5  percent from minus 3.8 percent, which was revised from minus 3.7 percent. It was the highest level since late August and was the index's sixth week of gains.

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