ECRI HITS 3 WEEK LOW, INFLATION FEARS HIGHER

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

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Cullen Roche

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.

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