Tracking The Economic Boom
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Published Thursday, December 23, 2021 at: 10:30 PM EST
The Leading Economic Index (LEI) for the United States rose sharply in November again. It’s higher than it’s ever been since its inception in 1959. The Conference Board forecasts real GDP growth to strengthen in Q4 2021 to an annualized rate of about 6.5%, before moderating to a still-healthy rate of 2.2% in Q1 2022. The November reading suggests the current economic expansion will continue into the first half of 2022, according to The Conference Board, an association for U.S. corporate giants. The LEI has plunged before every recession in modern history except for the Covid recession, and a bear market was...
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.
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