1. (24 points) For each of the following economic indicators, please (1) state whether they are leading, coincident, or lagging indicators (2) provide their current or most recent value and (3) provide a brief analysis, using the indicators and their values (especially the trend in values), of the macroeconomy.

Data Source Examples: FRED Database, Bloomberg, WSJ, Financial Times, Yahoo Finance A. Yield curve spread between the 10-year T-note and the 3-month T-bill B. S&P 500 YTD Performance C. Industrial Production Index (IPI) D. Personal Income Less Transfer Payments E. Average Duration of Unemployment F. Average Prime Rate Charged by Banks