No Equivocation Here: LEI Points to Recession

Source: Economics Group of Wells Fargo Bank, N.A. Summary Reasonable minds can disagree about whether the economy is headed for recession or a soft landing, especially after a recent run of strong data. The Leading Index is not waffling however. The 10th-straight decline in January is still consistent with recession. Despite Resilience Elsewhere, Leading Index Still Says Recession While other data have come in favorable and leave us a fair bit more optimistic about the outlook, the Leading Economic Index (LEI) continues to signal recession. The LEI fell for the 10th-straight month in January, and the index is now about 6% below its peak registered at the end of 2021 (chart). READ FULL ARTICLE>>