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Thursday, October 21, 2010

Leading Economic Indicators Continue to Point Up

NPR reports:

The Conference Board, a private research group, said Thursday that its index of leading economic indicators increased 0.3 percent last month. It edged up 0.1 percent in August, slower than the initial 0.3 percent estimate.

The index had grown steeply since April 2009 on the strength of the stock market, record-low interest rates and a rebound in manufacturing. But the rate of expansion tapered off this summer as U.S. economic growth slowed.

A continued rise due to monetary policy (money supply, interest rate spread, and stock prices) offset (in part) by the actual economy.

Source: Conference Board