Following a 0.8% decline in December, the U.S. leading economic index declined by 0.3% in January..
The LEI decreased by 0.3% and has now deteriorated for 10 straight months, a 100% surefire recession predictor, while the lagging and coincident indicators rose by 0.2% in January to new highs and are the only ones receiving attention.
The LEI, a measure of 10 indicators used to determine whether the economy is improving or deteriorating, has fallen by 3.6% over the past six months, which is a greater decline than the six-month period prior.
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