The Conference Board Leading Economic Index pairs together multiple economic indicators in an attempt to forecast the health of the U.S. economy. Is the index predicting a recession?
Hello, my name’s Daniel Greulich, Chief Investment Officer of GreenUp Wealth Management. Today we’ll be interpreting the Conference Board Leading Economic Index which pairs together multiple economic indicators in an attempt to forecast the health of the U.S. economy. The following chart shows that this measurement has decreased by four and a half percent when compared with last year’s reading, and historically that has signaled a recession. At GreenUp Wealth Management we’ve argued that since the beginning of 2022 the U.S. has actually been in a mild recession, however not every recession is as severe as the Great Recession which we saw in 2008 through 2009. We do believe that the U.S. is still in the process of achieving a soft landing. Thanks, and have a great day.