US Leading Indicators Tumble for 16th Straight Month, the Longest Streak of Declines Since ‘Lehman’

The US LEI has seen its 16th consecutive decline, echoing the dire trends of the 2007-2008 Lehman crisis. Despite the CEI’s subtle stability, July’s significant LEI drop, spurred by weak orders and rising interest rates, portends a bleak economic horizon. The 7.5% year-on-year LEI descent is nearing its worst since 2008, excluding COVID anomalies. The Conference Board anticipates a recession between Q4 2023 and Q1 2024, dispelling hopes of a ‘soft landing’ for the US economy.