- Is the US economy at risk of a double-dip recession? The threat is rising, according to the latest update of the ADS Index, a real-time tracker of business conditions published by the Philadelphia Fed.
- Last week's weak payrolls data and the ongoing surge in weekly jobless claims took a hefty bite out of the ADS Index, which is updated whenever new data is published for any of its six components.
- For now, the current ADS warning is a reminder that the US economy's expansion is struggling. The rollout of a vaccine will bring relief, but significant improvement on this front is still months away due to a slow and sometimes erratic distribution program.
For further details see:
Philly Fed's ADS Business Cycle Index Near A Recession Signal