The Conference Board’s Leading Economic Index was down by 0.3% in February — the third consecutive monthly decline.
But the LEI’s declines are slowing and it’s no longer warning of a recession ahead. Plus, other economic indicators are looking positive.
The Index of Leading Economic Indicators has been pointing to a slowdown for 19 months. It hasn’t materialized.
So are the indicators wrong, or have we just not waited long enough?
