Current economic statistics indicating little change in services inflation, rising residential building permits, and increasing average duration

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Current economic statistics indicating little change in services inflation, rising residential building permits, and increasing average duration of unemployment are best interpreted as:

A. conflicting evidence about the direction of the economy.

B. evidence that a cyclical upturn is expected to occur in the future.

C. evidence that a cyclical downturn is expected to occur in the future.

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2024 CFA Program Curriculum Level I Volume 1

ISBN: 9781953337672

1st Edition

Authors: CFA Institute

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Question Posted: Feb 01, 2024 08:03 AM

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Current economic statistics indicating little change in services inflation, rising residential building permits, and increasing average duration

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B is correct Rising building permitsa leading indicatorindicate that an upturn is expect...View the full answer

2024 CFA Program Curriculum Level I Volume 1

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