about 9 hours ago
Weekly Indicators: new and different wobbles edition
By: New_Deal_democratAugust data included a decline in the index of Leading Indicators, due to the poor ISM manufacturing index and manufacturing work hours. Housing starts increased, but permits and existing home sales decreased. My usual note: I look at the high frequency weekly indicators because while they can be very noisy, they provide a good Now-cast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. Read more
 decided, for the time being, to wait.” Three board members unexpectedly voted to hike rates now, although they remained somewhat non-committal on when the hike would come.&p[images][0]=http://xecommunityassets.s3.amazonaws.com/sept%2022.png){kind=link}