Leading Economic Indicators: More Soft Data Silliness

fake number by the government again

MishTalk

The index of leading economic indicators rose by 0.4% beating the Econoday Consensus estimate of 0.2%.

“Gains were broad-based in the month led by the ISM new orders index and including, as always, the interest rate spread where short-term rates are unusually low. The LEI has been very solid and continues to point ahead to rising economic strength.”

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