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NY Fed: Weekly Economic Index (WEI)

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NY Fed explains the latest WEI increase to 1.83% from 1.62% the week prior is "due to rises in tax withholding and consumer confidence and a decline in initial unemployment insurance claims, which more than offset falls in retail sales, steel production, railroad traffic, and fuel sales. Electricity output remained the same. The entire Weekly Economic Index series was revised to reflect the annual revision to GDP and weights estimated through the second quarter of 2023."

NY Federal Reserve/MNI

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