Recession Warnings Escalate as Principal Economic Indicator Declines Again
The Conference Board’s pivotal economic metric has decreased for the 17th consecutive month due, in part, to the Federal Reserve’s aggressive rate hikes. The Leading Economic Index (LEI), a predictive gauge comprising ten distinct indicators, diminished by 0.4 percent in August, marking a six-month decrease of 3.9 percent in the LEI measure, engineered to forecast business cycle alterations, including recessions. A senior manager at the Conference Board, Justyna Zabinska-La Monica, pointed out that the US …