A report released by the Conference Board on Friday unexpectedly showed a pullback by its reading on leading U.S. economic indicators.
The Conference Board said its leading economic index fell by 0.3 percent in January after climbing by a downwardly revised 0.7 percent in December.
The dip came as a surprise to economists, who had expected the index to rise by 0.3 percent compared to the 0.8 percent increase originally reported for the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.