Factor Coincident Index
Sophisticated Lexicon
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Coincident indicators, like real income and employment, provide real-time snapshots of the economy, helping us spot recessions or expansions quickly. Lagging indicators follow, leading indicators predict, but coincident indicators reveal the current state. Think of them as detectives of the economy, using real personal income, consumption, industrial production, and employment to pinpoint our economic location, whether it's a recession or expansion, all in real-time.
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