The leading economic index fell 0.4% in August and declined for the 17th month in a row, but there's still no sign the U.S. is headed for a recession.
The numbers: The leading economic index fell 0.4% in August and declined for the 17th month in a row, but there’s still no sign the U.S. is headed for a recession.The leading index is a gauge of 10 indicators designed to show whether the economy is getting better or worse. Six of the 10 components dropped in August.
Big picture: Many economists have backed off longstanding predictions of recession or have pushed out a target date until next year. The Conference Board has not.
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