RWM - Weekly Indicators: Cracks Appear In The Nowcast Edifice As The Delta Wave Continues To Strengthen
- 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.
- While the overall picture remains very positive in all time frames, several cracks, most notably in restaurant reservations, have appeared in the nowcast array of indicators.
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Weekly Indicators: Cracks Appear In The Nowcast Edifice As The Delta Wave Continues To Strengthen