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Weekly Leading Index Edges Up

A leading gauge of the U.S. economy edged up in the latest week..., a report said on Friday...

The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index edged up to 135.7 in the week ended Dec. 2, compared with an upwardly revised 135.5 in the previous week.

The index's annualized growth rate was 1.8 percent, compared with 1.5 percent in the prior week.

"While the weekly leading index's growth has edged up for the last couple of weeks, it has cooled a bit since the summer," said Lakshman Achuthan, managing director at ECRI.

"Therefore, it is reasonable to expect that U.S. economic growth is likely to moderate in the months ahead," he added.