Author Topic: Economic index flashes major recession warning sign  (Read 35 times)

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Offline Ptarmigan

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Economic index flashes major recession warning sign
« on: November 18, 2022, 06:57:55 PM »
Economic index flashes major recession warning sign
https://www.foxbusiness.com/economy/economic-index-flashes-major-recession-warning-sign

Quote
An often-overlooked economic gauge indicated on Friday that the U.S. economy is headed for a recession — or already in one — as the Federal Reserve tries to curb inflation with a series of rapid interest rate hikes.

The Conference Board’s Leading Economic Indicators index showed that conditions further deteriorated in October, with the gauge down 0.8% from the previous month. That follows a 0.5% decline in September.

"The U.S. LEI fell for an eighth consecutive month, suggesting the economy is possibly in a recession," said Ataman Ozyildirim, senior director of economic research at The Conference Board.

The slump reflects a worsening outlook among consumers, who are increasingly worried about steeper interest rates and stubbornly high inflation, as well as a prolonged slump in the housing market.

The Conference Board’s Leading Economic Indicators (LEI) has gone down suggesting recession is already happening.
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Offline Ptarmigan

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Re: Economic index flashes major recession warning sign
« Reply #1 on: November 18, 2022, 07:04:10 PM »
The Conference Board’s Leading Economic Indicators (LEI)
https://www.conference-board.org/topics/us-leading-indicators
Never interrupt your enemy when he is making a mistake.
-Napoleon Bonaparte

Allow enemies their space to hate; they will destroy themselves in the process.
-Lisa Du