NEW YORK An index of future economic activity rose in June to thehighest level ever, but the reading only slightly exceeded marketforecasts amid recent data suggesting economic growth may be coolingoff.
The 0.5 percent increase in the Index of Leading EconomicIndicators, released today by the Conference Board, comes as WallStreet waits anxiously for the Aug. 20 meeting of Federal Reservepolicy-makers. Signs of a surging economy could revive inflationfears and lead the Fed to increase interest rates.
June's advance follows a revised 0.2 percent gain in May and a0.3 percent increase in April. Wall Street had been expecting a Juneincrease of 0.3 percent.
…
No comments:
Post a Comment