Consumer Price Index (CPI) Indicator Current Reading Over the last 12-months 10-Year TREND CPI-U % Core CPI % % N/A Brief discussion on investment impact... Fed Funds (FF) Target Range Indicator Current Range 1-Year Ago Range Long-Run TREND Upper end of range % % Lower end of range % % Brief discussion on investment impact... Advanced Monthly Retail Sales Indicator Current Reading 1-Year Ago Value Long-Term Average Advanced Monthly % % % Retail Sales Brief discussion on investment impact... Gross Domestic Product (GDP) Indicator Current Quarter Previous Quarter Long-Term Average GDP % % % Brief discussion on investment impact... ISM Purchasing Managers Index (PMI) Indicator Current Reading Critical Value 3-Year TREND PMI Brief discussion on investment impact... Durable Goods Category Current Month Previous Month Long-Term Average New Orders % Shipments % % Unfilled Orders % Brief discussion on investment impact... Nonfarm Payrolls Indicator Current Reading 1-Year Ago Value Long-Run TREND Nonfarm Payrolls Brief discussion on investment impact... Employment Situations Report Category Current 1-Year Ago Long-Term Average U3 % % % U6 % % N/A Labor Force % Participation Rate Brief discussion on investment impact... Housing Starts Category Current 1-Year Ago 5-Year TREND Housing Starts Building Permits Brief discussion on investment impact... Business Cycle Insert screen snip of the business cycle graph. Detailed discussion on what Fidelity estimates for our placement in the business cycle and the investment implications