HomeBusinessU.S. main financial index falls once more in January

U.S. main financial index falls once more in January

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The numbers: The U.S. main financial index fell 0.3 % in January, after a 0.8% drop within the prior month, the Conference Board stated Friday

The decline was according to forecasts of economists polled by The Wall Street Journal.

The LEI is a gauge of 10 indicators designed to indicate whether or not the financial system is getting higher or worse. The index was down 0.8% in December.

The index is now down 3.6% over the past six months, a steeper decline than the prior six-month interval.

Key particulars: A measure of present financial circumstances rose 0.2% in January. The so-called ‘lagging’ index —a glance of types within the rearview mirror — additionally rose 0.2%.

Big image: Fears of a recession have eased after the Labor Department estimated that the financial system added 517,000 jobs in January. But Ataman Ozyildirim, senior director, economics, on the Conference Board, stated the agency “still expects high inflation, rising interest rates and contracting consumer spending to tip the U.S. economy into recession in 2023.”

Market response: Stocks
DJIA,
-0.01%

SPX,
-0.57%
opened decrease on Friday because the market digested prospects of upper rates of interest. The yield on the 10-year Treasury be aware
TMUBMUSD30Y,
3.910%
rose to three.88%, the very best stage to this point this yr.

Source web site: www.marketwatch.com

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