The ECRI’s Weekly Leading Index fell to a 3-week low at 120.6 down from 120.9 last week. The growth rate fell to -10.1% from 9.9% last week. This is the lowest level since the first week of August when the indicator hit -10.2%.
The ECRI also released their future inflation gauge this week. The index rose to 96.7 in August from 95.2 in July indicating little risk of deflation.
Source: ECRI
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.