Is the Trump effect returning? The US leading economic indicators have turned positive for the first time in nearly three years, no longer indicating that the economy will fall into recession
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The Leading Economic Index (LEI) in the United States turned positive for the first time after the November elections, indicating an improvement in the economic outlook. Building permits and the stock market were the main driving factors, but ISM new orders and the U.S. Treasury yield curve still weighed on the index. The Conference Board predicts that U.S. GDP will grow by 2.7% in 2024, potentially slowing to 2.0% in 2025. Market confidence has increased following Trump's election, with the stock market continuing to rise as Trump promised to revitalize the economy through tax cuts and other policies
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