The numbers: The U.S. leading index fell in May by 0.4% for the second month in a row, indicating the economy has slowed in response to high inflation and rising interest rates.The LEI is a weighted gauge of 10 indicators designed to show whether the economy... The numbers: The U.S. leading index fell in May by 0.4% for the second month in a row, indicating the economy has slowed in response to high inflation and rising interest rates.
Inflation jumped to a 40-year high in May and the Federal Reserve is raising interest sharply to try to slow the economy and ease the upward pressure on prices. Key details: The leading economic index fell largely because of declining stock prices, a slowdown in home building and falling consumer confidence.
Americans are still somewhat confident in the economy right now, but they are more worried about the future.
Source: Entertainment Trends (entertainmenttrends.net)
I know it’s painful for you to admit. Within the next 24 hours, I’m prepared for you explain to me why inflation and a recession are good for me.
Duh
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