Fed Leading Indicator Shows Unemployment Rate Is Poised To Pick Up

Authored by Ye Xie, Bloomberg Editorial, While the unemployment rate ticked down again, a leading indicator suggests it is set to increase in coming months. If so, that will put pressure on the equity market. The index, created by Merk Investments’s Nick Reece, tracks the z-scores of six indicators (identified in a 2013 San Francisco Fed paper) that tend […] Source