🚨 CB Leading Index m/m Report
Tomorrow, markets will focus on two key events that could provide insights into the U.S. economy's direction. FOMC member Waller is expected to discuss recent inflation data and the potential for rate cuts based on economic trends (Details in my previous post). His speech will likely reflect on how recent data could influence future monetary policy.
Shortly after, the CB Leading Index m/m report will be released. This index, which tracks several economic indicators, including consumer expectations and stock prices, provides a forward-looking measure of economic health. In June, the LEI fell by 0.2%, continuing its downward trend, though the contraction was smaller than in previous months. This suggests that while economic activity is slowing, the rate of decline may be easing, potentially signaling a gradual recovery.
This report will offer a comprehensive view of the overall health of the U.S. economy. Given the current environment, any indication of further slowdown could reinforce concerns about future growth, especially with cooling consumer spending. Keep an eye on these signals as they may guide near-term economic forecasts.
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