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ICYMI: New York Fed's Weekly Economic Index rose to its highest since November last year

ICYMI: New York Fed's Weekly Economic Index rose to its highest since November last year
The Weekly Economic Index (WEI) is published by the New York Federal Reserve. Its an index of ten daily and weekly indicators of real economic activity, scaled to align with the four-quarter GDP growth rate.At 2.27 in the latest release (Thursday NY time) its at its highest in nearly a year. The NY Fed says the increase in the WEI for the week of October 14 (relative to the final estimate for the week of October 7) is due to rises in retail sales, tax withholding, and fuel sales, which more than... Read More
Posted: Oct 20 2023, 00:48
Author Name: forexlive
Views: 082320

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