QQQM - Weekly Indicators: Mortgage Rates And Gas Prices Pressure Consumers

• 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.
• The Omicron tsunami has receded as quickly as it rose, making one less source of worry, at least for now.
• But the sharp rise in mortgage rates, as well as house prices, as well as commodities generally, and gas prices specifically, will only add to pressures as they filter through spending decisions in coming months.

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