Amid Divergent Data, Here’s What To Know
For the ninth straight month, the Leading Economic Index® (LEI) for the U.S. declined in January 2023. According to data released Friday morning, the LEI dropped by three-tenths of 1%, following an eight-tenths of 1% plunge in December. Although the rate of decline in the LEI slowed in January, the collapse of the LEI historically foreshadows recession. The LEI collapsed before every recession in modern financial history except for the Covid-19 recession.