Incoming economic data suggest that the pace of economic activity has slowed markedly in recent months.

FORBES: Joint Statement by Central Banks

This alternative index, he argues, does a much better job of explaining the pace of economic activity than conventional measures.

ECONOMIST: Loose change

"The pace of economic activity appears to have slowed markedly, owing importantly to a decline in consumer expenditures, " the Fed said Wednesday.

FORBES: Magazine Article

They said the sluggish pace of economic recovery and a sharply lower level of activity on the stock-exchange floor made celebrations harder to come by these days.

WSJ: Dow Keeps Hold on Record