The U.S. Conference Board's leading indicator recorded a monthly rate of -0.7% in March, the largest drop since October 2023

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ChainCatcher reports that according to Jinshi, the US Conference Board Leading Economic Index (LEI) monthly rate recorded -0.7%, the largest decline since October 2023.

The Conference Board Leading Economic Index is a forward-looking indicator system used to predict economic cycle changes, released by the Conference Board. It comprises 10 economic variables and reflects economic trends for the next 3-6 months through comprehensive data. When the indicator continues to decline, it may signal economic recession risks; conversely, it suggests expansion signals.

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