CB expects moderate US growth even as leading index continues decline

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21 October 2024

 

Summary: Conference Board leading index down 0.5% in September, fall larger than expected; CB: weak factory new orders continuing as major drag on index; US Treasury yields jump; rate-cut expectations soften; CB: expects moderate growth into early 2025. The Conference Board Leading Economic Index (LEI) is a composite index composed of ten sub-indices which are thought to be sensitive to changes in the US economy. The Conference Board describes it...

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