In this paper, Team B will define and discuss six economic indicators. The economic indicators chosen were: Housing Starts, Mortgage Rates, Retail Sales, Interest Rates, Personal Income and Foreign Exchange Rate. Analysts use these indicators and more to determine the state of the economy and where it has been and where it is headed. By forecasting certain trends, investors, the government and the banking industry will take this statistical data and adjust their decisions accordingly.
A housing start is defined as "The commencement of construction of a…
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