No Recession But A Slower Pace Of Growth

Published Friday, September 20, 2019 at: 7:00 AM EDT

The latest data indicates the economy is not falling into a recession but is growing at a slower pace. Here's an independent analysis of financial news for investors from a prudent professional perspective. The Leading Economic Indicators index in August was unchanged after jumping one-half of 1% in July. This broad measure of the economy had soared to historic new highs in recent years before dropping one-half of 1% in May and again in June. Before recessions in the past, the LEI plunged for many months. It's not doing that now and remains near a record high."The manufacturing sector continues exhibiting signs...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.