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Leading indicators point toward fall recovery

The Conference Board’s Leading Economic Indicators index rose for the third consecutive month, improving at a 4.1-percent annual rate for the six-month period ended in June, compared with a negative 6.2-percent annual rate in the last six months of 2008. Financial market volatility has declined, the housing market has stabilized, the country’s confidence is rebounding and a slow recovery should start this fall, said the Conference Board’s economist Ken Goldstein. Coincident indicators, such as personal income and manufacturing . . .

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