The Leading Economic Index climbed again in July and signaled potentially faster growth in the final six months of 2017.The Conference Board said Thursday the index rose 0.3% last month after a 0.6% increase in June. The data suggests “the U.S. economy may experience further improvements in economic activity in the second half of the year,ā said the director of business cycles and growth research at the board.
On Thursday the Dow Jones Industrial Average dropped 1.2%, with all 30 components finishing in negative territory. Cisco Systems (CSCO), fell 4% after the networking-equipment company reported earnings that missed forecasts and lowered its guidance for next quarter.
Fed Reserve notes released this week suggested the central bank ācould afford to be patientā in deciding when to raise interest rates again because of persistently low inflation.
Serving the West Side first, I am Mike Elerath of BR Capital for 1360 KUIK.
