Looks like the Fed acted just in the nick of time

Two key indicators released Thursday continue to confirm a U.S. economy in the midst of a pronounced recession -- the nation's worst contraction in decades.

The Index of Leading Economic Indicators fell -0.4 percent in February on declines in employment and industrial production, The Conference Board announced Thursday. Further, January's monthly LEI increase was revised lower, as well, on softer revised new orders and real money supply. The LEI increased 0.3 percent in December 2008.


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