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Analysts optimistic despite LEI drop signaling soft landing
The Commerce Department reported a 12 percent fall in the Index of Leading Economic Indicators the largest since 1987. White House and economists voiced confidence in a soft landing, expecting slower growth without a recession, while some cautioned against overtightening.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Federal Reserve
White House
Marlin Fitzwater
Michael R. Darby
Fed
David Wyss
Data Resources Inc
Lexington
Mass
Mrr. Wyss
Lawrence Chimerine
Wefa Group
Bala Cynwyd
White
Chimerine
Wyss