Weekly Leading Index Rises Further
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ECRI’s U.S. Weekly Leading Index (WLI) rose further to 159.2, a record high. The growth rate decreased to 24.4%.
ECRI has long determined business cycle and growth rate cycle chronologies for 22 countries that can be freely accessed here.
Please see below for public statements ECRI has made about our cyclical outlook:
Worried about inflation? Keep your eye on this chart the Fed is tracking, says Lakshman Achuthan of @businesscycle. https://t.co/fJHTyQ9C5j pic.twitter.com/d2oJVtucQp
— Trading Nation (@TradingNation) May 7, 2021
The jobs recovery slowed in April, but is still creeping further above Great-Recession lows. pic.twitter.com/GRMaeutsWd
— Lakshman Achuthan (@businesscycle) May 7, 2021
Our latest take on inflation as inflation expectations hit a fresh eight-year high. Watch our interview with @seemacnbc here: https://t.co/HuGhPYbGkC
— Lakshman Achuthan (@businesscycle) May 6, 2021
For a quick glance at the WLI’s recent performance, please see the chart below.
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