U.S. economy still growing, leading index shows, but more trouble spots emerge

The numbers: The U.S. leading index rose 0.3% in March and signaled the economy is likely to stay in expansion mode through the summer, though more trouble spots have emerged.

Economists polled by The Wall Street Journal had forecast a 0.2% increase.

The economy has picked up since coronavirus cases waned early in the year. Yet high inflation, rising interest rates, a tight labor market and ongoing supply-chain bottlenecks are likely to put a cap on just how fast the U.S. grows.

The LEI is a weighted gauge of 10 indicators designed to signal business-cycle peaks and valleys.

Key details: A measure of current economic conditions rose 0.4% in March for the second month in a row, the Conference Board said Thursday. The privately run company is the publisher of the report.

The so-called lagging index — a look of sorts in the rearview mirror — climbed 0.6%.

Big picture: The U.S. economy is in pretty good shape….

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