Growth Deceleration Relative To “Liberation Day”
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Lewis, Mertens, Stock Weekly Economic Index (WEI) is down 1.1 ppts, while Baumeister, Leiva-Leon, Sims Weekly Economic Conditions Indicator (for deviation from trend growth) is down 0.7 ppts.
Figure 1: Lewis, Mertens, Stock Weekly Economic Index (blue), and Baumeister, Leiva-Leon, Sims Weekly Economic Conditions Indicator for US (tan), all y/y growth rate in %. Source: NY Fed via FRED, WECI, accessed 10/31, and author’s calculations.
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