By Jill Mislinski
Friday's release of the publicly available data from ECRI puts its Weekly Leading Index ((WLI)) at 143.4, up 2.1 from the previous week. Year-over-year, the four-week moving average of the indicator is now at -2.86%, down from last week. The WLI Growth indicator is now at -6.51, also down from the previous week.
"Colliding With the Economic Cycle - Again"
ECRI's latest article confirms ECRI's prediction in July 2018 that the Fed's rate hikes would further a slowing economy into a recessionary window and reminds us of a similar situation in 2015.
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