U.S. Economic Outlook Weakening: Conference Board Leading Index Plummets

The U.S. economy’s trajectory is showing signs of weakening as the Conference Board’s Leading Economic Index (LEI) experienced a significant drop in March, reaching -0.7%. This marks the largest decline since October 2023, according to Odaily. This index, designed by the Conference Board to forecast changes in economic cycles over the next three to six months, incorporates ten key economic indicators and provides valuable insights into potential future trends. A persistent decline in this LEI may signal an increased risk of a recession, while a positive trend suggests potential for economic growth.