Brave-Butters-Kelly Leading Index

The Brave-Butters-Kelley Indexes (BBKI) are part of a research project from the Federal Reserve Bank of Chicago, and you can now find the monthly and quarterly BBKI in FRED.

The indexes are constructed from a large panel of monthly measures of real economic activity and quarterly real GDP growth. Monthly GDP growth is indexed to the quarterly estimates from the U.S. Bureau of Economic Analysis and consists of three components: cycle, trend, and irregular.