Leading economic indicators fall 0.8% in October

WASHINGTON (MarketWatch) — More economic weakness is in store, the Conference Board said Thursday. The index of leading economic indicators fell 0.8% in October, with negative contributions from six of the 10 indicators. Only the money supply and the interest rate spread were positive in October, indicating that the Fed is leaning hard against the downturn. The index has fallen at a 4.7% annual pace in the past six months.
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