Activity Update - Growth Rotation Supports Stabilization (Fed PMIs, Home Sales, PCE, Rig Counts, Claims, M3)

This monitor is a reflection of how we update our assessments of economic growth in real-time as we get meaningful updates from macroeconomic data releases. It provides a more timely and meaningful gauge of economic activity growth than what GDP and similar summary indicators provide. Please see here for more details about how to interpret this information.

Bottom Line: "Growing, slowing & stabilizing" is still the right characterization of the economic data flow after this past week.

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