US leading index continues losing streak in August; losing momentum

19 September 2024

 

Summary: Conference Board leading index down 0.2% in August, decline smaller than expected fall; CB: expects US real GDP growth to lose momentum in second half; short-term US Treasury yields down, longer-term yields up; rate-cut expectations firm slightly; CB: latest reading driven by new orders. 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...

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