Fox Business: Economic Index Flashes Major Recession Warning Sign
Article by Megan Henney in Fox Business
An often-overlooked economic gauge indicated on Friday that the U.S. economy is headed for a recession — or already in one — as the Federal Reserve tries to curb inflation with a series of rapid interest rate hikes.
The Conference Board’s Leading Economic Indicators index showed that conditions further deteriorated in October, with the gauge down 0.8% from the previous month. That follows a 0.5% decline in September.
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