IMCV - Weekly Indicators: Commodity Prices Surge Over 10% In A Week

• High frequency indicators can give us a nearly up-to-the-moment view of the economy.
• The metrics are divided into long leading, short leading, and coincident indicators.
• Higher interest rates and a squeeze in spreads are pressing on the long range forecast, while commodity price spikes dominate the short range forecast.
• The nowcast continues positive, but more weakly so.
• International political developments, plus the Fed’s anticipated rate hike, will dominate the movement of these indicators over the next several weeks.

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