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Source: The Conference Board Source: Federal Reserve Bank of Chicago <br />Economic Activity <br />The Conference Board’s Leading Economic Index (LEI)increased 0.3%month-over-month in February,following a 0.5%downwardly revised <br />decline in January.On a year-over-year basis,the LEI was up 7.6%in February versus up 7.3%in January.The Conference Board acknowledged <br />that the data do not fully reflect the impact of the Russian invasion of Ukraine on global supply chain issues, shortages,and the resulting <br />soaring prices, which could result in slower than expected growth in the first half of the year.Meanwhile,the Chicago Fed National Activity <br />Index (CFNAI)fell to 0.51 in February from a downwardly revised 0.59 in January.On a 3-month moving average basis,the CFNAI declined to <br />0.35 in February, while January was revised downward to 0.37. <br />-8.00 <br />-6.00 <br />-4.00 <br />-2.00 <br />0.00 <br />2.00 <br />4.00 <br />6.00 <br />Chicago Fed National Activity Index (CFNAI)3 Month Average-8.0% <br />-6.0% <br />-4.0% <br />-2.0% <br />0.0% <br />2.0% <br />4.0% <br />Leading Economic Indicators (LEI)MOM ( %) Change7