- 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.
For further details see:
Weekly Indicators: Commodity Prices Surge Over 10% In A Week