Continuing to signal a near-term recession for the U.S. economy, the Conference Board released a report on Monday showing another sharp drop by its reading on leading U.S. economic indicators in the month of December.The Conference Board said its leading economic index dove by 1.0 percent in December after tumbling by a revised 1.1 percent in November. Economists had expected the index to decrease...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.