US Leading Economic Indicators Continue to Fall, But No Longer Point to Recession 😱🔥✅👇
Fears of a US recession were partly responsible for the decline in stocks and cryptocurrencies in early August.
The Conference Board’s leading indicators are no longer pointing to a recession.
Fears of a US recession were partly responsible for the decline in stocks and cryptocurrencies in early August.
Data from the Conference Board, a nonpartisan, nonprofit research organization, showed on Tuesday that major economic indicators in the United States continue to point to a slowdown, but are no longer pointing to a recession.
This is a positive sign for risk assets, including cryptocurrencies. The organization’s leading economic indicators index fell 0.6% in July to 100.4 after falling 0.2% in June.
The metric peaked in Q2 2022 and has been on a steady decline ever since, according to data source MacroMicro.
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