US Leading Economic Index adds further evidence economic growth will continue - Wells Fargo

The Leading Economic Index increased 0.4 percent in April, supported by broad-based component strength, explained analysts at Wells Fargo.

Key Quotes:

“The LEI grew 0.4 percent in April, suggesting solid growth is likely to persist in the second half of 2018. Growth in the Coincident and Lagging indices increased 0.3 percent in April.

“Stock prices and housing permits were the only negative contributors in April. The interest rate spread continues to be the top contributor to the index, however its strength has waned more recently as the yield curve has flattened.”

“The soft and hard data continue to support one another, a signal of stable and balanced growth. The April print adds further evidence that economic growth will continue through 2018, and suggests the Fed will continue to administer rate hikes.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.