Impending Recession: What It Means for Jobs, Banks, Earnings, and Stocks.
The Conference Board's Leading Economic Index, which measures US business cycles, dropped unexpectedly and sharply to its lowest level since November 2020, marking its 12th consecutive monthly decline, the longest such run since the 2007-2009 recession. This has led to fears of an impending recession, prompting the Federal Reserve to consider another interest rate hike.