Summary Box: Leading indicators up 0.3 pct in Sept

AP News
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Posted: Oct 21, 2010 5:14 PM
Summary Box: Leading indicators up 0.3 pct in Sept

SLUGGISH GROWTH TO CONTINUE: A gauge of future economic activity rose a modest 0.3 percent in September, suggesting the economy will grow slowly into next year.

REINFORCES PUSH FOR FED AID: The sluggish economy is bolstering the Federal Reserve's case to buy Treasury bonds to boost the economy. Investors expect Fed policymakers will approve that program at their Nov. 2-3 meeting.

FINANCIAL MARKETS A BOOST: Conference Board, which released the index, said five of the 10 components that make up the index increased in September. Three of those measures were related to financial markets.