The results have led some to believe a recession is coming.
The Conference Board Leading Economic Index (LEI), which is a barometer of the health of the American economy, declined by another 1 percent to 110.5 in December. This comes following a .1 percent decrease in November. The change exceeded economic forecasts and suggests the months ahead will see a potential recession.
The Board’s senior director of economics said, “The U.S. LEI fell sharply again in December, continuing to signal recession for the U.S. economy in the near term. There was widespread weakness among leading indicators in December, indicating deteriorating conditions for labor markets, manufacturing, housing construction, and financial markets in the months ahead.”
As the Lord Leads, Pray with Us…
- For federal officials working to address the economic needs of the nation and to prevent a recession.
- For God to give clear guidance to those in the Federal Reserve as their decisions directly impact the financial health of the nation’s economy.
Sources: Reuters, Market Watch
