US Economic Indicators No Longer Signal A Recession! Good News For Crypto?

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Data from the Conference Board revealed that the leading U.S. economic indicators are still pointing to a slowdown, but no longer signal a recession, which is a positive sign for risk assets like crypto. The organization’s Leading Economic Indicators declined 0.6% in July following June’s 0.2% drop. The senior manager of business cycle indicators at the board stated, “The LEI continues to fall on a month-over-month basis, but the six-month annual growth rate no longer signals recession ahead.” The annualized six-month change narrowed to -2.1% in July from -3.1% in June, shows that the risk of recession is lessening.