U.S. Leading Indicators Growth Rate Slowed In May; Should You Worry?
Economic growth "is not likely to accelerate," according to Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board, which conducts the research tracking the 10-component indexes in the LEI monthly.
The Standard & Poor's 500 climbed on Friday but fell nearly 1% for the week to close at 2754.88, as trade spats escalated and sparked fears of a global slowdown.
This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.
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