It’s been a difficult year for Wall Street forecasts. The Federal Reserve’s (Fed) pause and global uncertainty have forced many economists and market prognosticators to adjust their 2019 predictions. LPL Research is in that camp, too: We adjusted a few of our 2019 economic and fixed income forecasts in February.
Near-term forecasting has been a futile effort this year, thanks to headline risk from trade and political headwinds. However, our Five Forecasters (in the Recession Watch Dashboard), which measure the longer-term health of the economy and financial markets, point to a continued economic expansion. This week, we’re highlighting two of the five leading indicators we watch: the Conference Board’s Leading Economic Index (LEI) and the U.S. yield curve. For analysis on the other three indicators, check out this week’s Weekly Market Commentary and today’s Macro Market Movers Blog.