From the economists at First Trust, one of our trusted partners, below is their brief commentary and most importantly the data that drives their commentary. We have shared these data updates with you in the past and want to share the latest figures showing you exactly how different parts of the economy are performing
High Frequency Data Tracker 1/13/2023
Brian S. Wesbury, Chief Economist
Robert Stein, Deputy Chief Economist
We live in unprecedented times. The recession in 2020 was not so much a recession as it was a lockdown. Using “normal words” to describe the economy in the last 3 years, we believe, does not make sense. Now, many are saying we are back in a recession. The charts in the High Frequency Data Tracker follow data that are published either weekly or daily, providing a good real-time look at where the economy stands. As of now we believe these measures, along with other monthly economic data coming in, show we are not in a recession.
The link below connects you to the PDF shown below.