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Jan 21 2020

Growth and Inflation Outlook

Our forward looking indexes are signaling important shifts that can catch observers off-guard.

Included in this report:

- An update to our inflation cycle analysis

- Review of ECRI's Industrial Price Index (formerly known as the JoC-ECRI Index) including both the exchange and non-exchange traded components

- Updated on manufacturing cycles in light of the 10-year low in the ISM Manufacturing PMI

- A review of the U.S. employment cycle
- Analysis of the Fed's shifting policy on inflation

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