Leading Economic Indicators (LEI) from the Conference Board
The second monthly report of the week will come late Thursday when December's Leading Economic Indicators (LEI) will be posted. The Conference Board, who is a New York-based business research group, compiles the data and releases this report. It attempts to predict economic activity over the next several months, but since it is posted by a non-governmental agency it is not considered to be of high importance to the financial and mortgage markets. Thursday's release is expected to show a 0.1% decline, meaning the indicators are predicting little growth in economic activity over the next several months. As long as we don't see a noticeable increase, I don't think this data will have much of an influence on mortgage pricing.