Wednesday, November 30, 2022

US economic barometer drops for sixth month in a row, potentially 'signaling a recession'

US economic barometer drops for sixth month in a row, potentially 'signaling a recession'

The Conference Board said Thursday that its Leading Economic Index for the United States dipped last month. Ataman Ozyildirim, senior director of economics at The Conference Board, said the six-month slump for this index is "potentially signaling a recession." A major driver of this slowdown has been the Federal Reserve's rapid tightening of monetary policy

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