US Sept leading indicators -0.5% vs -0.3% expected ...Middle East

Prior was -0.2%Six-month decline accelerates to 2.6%, worse than previous 2.2% fallThis index isn't a market mover but it's a decent 10,000 ft view on the economy and shows why the Fed is in an easing cycle.“Weakness in factory new orders continued to be a major drag on the US LEI in September as the global manufacturing slump persists,” said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board. “Additionally, the yield curve remained inverted, building permits declined, and consumers’ outlook for future business conditions was tepid. Gains among other LEI components were not significant enough to offset weakness among the four gauges mentioned

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