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The Index of Leading Economic Indicators (LEI) rose 0.3% in May, in line with expectations, following a 0.2% increase in April. According <br />to the Conference Board, the LEIsuggests economic growth will remain on, or possibly moderately above, its long-term trend of about <br />2%growth through year-end. However, the Chicago Fed National Activity Index (CFNAI) declined to 0.04 in May on a 3-month moving <br />average basis from 0.21 in April. The index declined meaningfully in May, which weighed on the three month moving average. <br />Economic Activity <br />-0.4% <br />-0.3% <br />-0.2% <br />-0.1% <br />0.0% <br />0.1% <br />0.2% <br />0.3% <br />0.4% <br />0.5% <br />0.6% <br />0.7% <br />Leading Economic Indicators (LEI)MOM ( %) Change-0.60 <br />-0.40 <br />-0.20 <br />0.00 <br />0.20 <br />0.40 <br />0.60 <br />Chicago Fed National Activity Index (CFNAI)3 Month AverageSource: The Conference Board Source: Federal Reserve Bank of Chicago <br />7216