Leading Economic Indicators (LEI) from the Conference Board
The final report of the week will be December's Leading Economic Indicators (LEI) at 10:00 AM ET Friday. 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. Friday's release is expected to reveal a 0.7% rise, meaning the indicators are predicting 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 impact on mortgage pricing either.