Leading index tells a similar story with some new plot twists
|Summary
Year's end brought changes in the public health scene as well as the Fed's tone, but December's leading economic index rose 0.8%, the 10th straight monthly gain, reminding us that many pre-existing trends remained intact. Jobless claims continue to carry the index, dropping to an over 50-year low in December. That said, the environment heading into 2022 has led to volatility in the market-related contributions, which adds a layer of uncertainty to the next few months.
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