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U.S. Economic Outlook Worsens Amid Six-Month Decline

6/24/2025

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Summary

Story summary

The U.S. economic outlook deteriorates as the Leading Economic Index (LEI) falls 0.1% in May, marking six months of decline.
The Federal Reserve holds interest rates steady at 4.25-4.5%, citing concerns over tariffs and inflation.
Consumer pessimism and weak manufacturing demand are key factors in the LEI's downturn.
The Conference Board signals a potential recession but forecasts only a notable slowdown in growth for now.

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Story summary

The U.S. economic outlook deteriorates as the Leading Economic Index (LEI) falls 0.1% in May, marking six months of decline.
The Federal Reserve holds interest rates steady at 4.25-4.5%, citing concerns over tariffs and inflation.
Consumer pessimism and weak manufacturing demand are key factors in the LEI's downturn.
The Conference Board signals a potential recession but forecasts only a notable slowdown in growth for now.