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Recession Is On Its Way, Says Leading Economic Indicator, But Not Everyone Is Convinced: 'Toss-Up'
Friday, July 21, 2023 - 11:35am | 537The Conference Board’s Leading Economic Index (LEI) — an early indicator of significant turns in the business cycle — sent out a warning on Thursday: a recession is coming. A Bleak Outlook: In June, the U.S. LEI saw a decline of 0.7% to 106.1, following a drop of 0.6% in May. Over the past...