Last month, we noted that Jay Powell’s preferred measure of the yield curve—Near Term Forward Spread (NTFS)—was a winner, but a newly introduced index by the Fed, “Financial Conditions Impulse on Growth (FCI-G),” is a dud. Several simple forecasting gauges we’ve relied on for years are considerably more effective.
Jul
08
2023
Don’t Let Economists Work From Home…
tags
NTFS Near-Term Forward Spread Recession Risk Financial Conditions Impulse on Growth FCI-G Real GDP GrowthLogin
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