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Economy speeds up, leading index shows, but it could run into more road bumps

Mount Equity Group Tokyo Japan > News > Markets > Economy speeds up, leading index shows, but it could run into more road bumps

The numbers: The U.S. leading index rose 0.3% in February and signaled a pickup in economic growth as omicron faded and governments lifted restrictions. But there’s also more bumps in the road ahead.

Economists polled by The Wall Street Journal had forecast a 0.3% increase. The index had fallen sharply in the first month of the year amid a record wave of coronavirus cases.

The LEI is a weighted gauge of 10 indicators designed to signal business-cycle peaks and valleys.

Key details: A measure of current economic conditions increased 0.4% in February, the Conference Board said Friday. The privately run company is the publisher of the report.

The so-called lagging index — a look of sorts in the rearview mirror — was unchanged.

Big picture: The U.S. economy has revved up after a slow start to the year, but the road ahead could be uneven. Inflation has soared to a 40- year high and is forcing…

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