Tasseography practitioners read tea leaves to forecast the future. Some economic data serve a similar purpose. Policymakers, central bankers, economists, and investors look at leading economic indicators to forecast where the economy may be headed. Classic leading indicators include:Consumer confidence. Consumer spending is the largest contributor to economic growth in
The U.S. inflation rate, based on the Federal Reserve’s preferred personal consumption expenditure index, fell in November for the first time since 2020 and.