✈️NY Fed WEI / TSA Travel Volumes

• NY Fed Weekly Economic index dropped to 7.3% in the Aug. 26 release. The slowdown has been evident since May and the current reading is off the 11% reading back in April

• NY Fed notes the current drop is on the back of rail traffic, tax withholding, and fuel sales, and an increase in initial unemployment insurance claims

• On a separate note, check point TSA volumes have been slowing down too from recent 2 million daily readings. However, the current 1.9 million figure is still higher than the 2019 volume