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Economic barometer warns that a US recession could come soon

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Economic barometer warns that a US recession could come soon

A downturn is in store for the US economy in the near future.

A key barometer for the health of the economy continues to flash a recession warning sign, indicating a downturn is in store for the US in the near future.

The Conference Board's Leading Economic Index declined for the 10th consecutive month, falling in December by 1% to 110.5. Economists were expecting a decline of 0.7%, according to Refinitiv.

On average, the index peaks about a year ahead of a recession, according to the Conference Board.

This story is developing and will be updated.

The-CNN-Wire

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