Leading Economic Index forecasts further slowdown

The U.S. Leading Economic Index (LEI) has shown a further decline, inching down by 0.1% to 97.5 in the latest report, following a 0.2% decrease in December. This trend, published by The Conference Board, suggests an ongoing economic slowdown. The LEI is a composite indicator designed to predict future economic activity, and its continued contraction points towards potential challenges ahead for the broader economy.