Ceridian-UCLA Pulse of Commerce Index: -0.7% Y/Y in December, vs. +0.9% in November. “Many Wall...

|By:, SA News Editor
Ceridian-UCLA Pulse of Commerce Index: -0.7% Y/Y in December, vs. +0.9% in November. “Many Wall Street economists have jacked up their ‘backcasts’ for fourth quarter GDP growth to 3% but the PCI does not support this view,” UCLA's Ed Leamer says.