US leading index jumps; rate cut on for second half

20 February 2020

 

The Conference Board Leading Economic Index (LEI) is a composite index which is composed of ten indices which are thought to be sensitive to changes in the US economy. The Conference Board describes it as an index which attempts to signal peaks and troughs as turning points in the index have historically occurred prior to changes in aggregate economic activity. The second half of 2019 contained a string of negative...

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