📡 Activity Nowcast

The monthly data — payrolls, production, retail sales — lands weeks stale. This is the high-frequency read that turns first: a basket of weekly and daily FRED series (Weekly Economic Index, jobless claims, financial conditions, credit spreads) blended into a real-time Activity Index. The divergence block flags when this fast read has rolled over below — or run hotter than — the lagging monthly composite.

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High-Frequency Components