Leading Economic Index Declines for 22nd Month, But Recession Not Yet Signalted

• Leading Economic Index fell 0.4% in January, marking 22nd straight monthly decline • Longest losing streak since 2007-2009 recession, but 6 of 10 index components improved recently • Board says index "currently does not signal recession ahead" • Economists predict economic growth will slow nearly to 0% in Q2 and Q3 • Markets fell as investors displeased Federal Reserve unlikely to cut interest rates soon