Posted: Sep 22, 2011 9:47 AM by Lauren Wilson & AP
WASHINGTON (AP) - A private research group says the economy will likely expand this fall at a weak pace and avoid slipping back into another recession.
The Conference Board says its index of leading economic indicators rose 0.3 percent in August, the fourth straight increase
The Federal Reserve's efforts to keep interest rates low appear to have helped the financial sector. Four of the 10 measures that the Conference Board uses to compile its index showed improvement. Two were related to the financial sector.
Still, factory orders, unemployment benefit applications and hours worked were among six measures that weakened in August.