What The Latest High-Frequency Economic Data Says About The Economy

The limited October data released this past week was mainly housing and it was positive, including existing home sales and housing starts. Permits declined slightly from their 4 year high the month before. Consumer sentiment also declined slightly from its multi-year high. The Leading Economic Indicators rose 0.2, continuing the generally slow advance this year. The impact of Hurricane Sandy on most of the high frequency weekly indicators is abating, although there is still an effect on some of ...