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Last modified
9/30/2025 4:14:59 PM
Creation date
5/31/2023 11:15:25 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
1/3/2023
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Reso 23-002 Approving the FY 2022-23 First Quarter Investment Report
(Amended)
Path:
\City Clerk\City Council\Resolutions\2023
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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)remained in negative territory at -0.4%in September,following an upwardly revised 0% <br />in August.The LEI is down 2.8%for the six-month period between March and September 2022,versus its 1.4%growth over the previous six <br />months.The Conference Board cited widespread weakness among the index's ten components and expects slower economic growth going <br />forward.The Chicago Fed National Activity Index (CFNAI)was unchanged at 0.10 in September indicating steady economic growth over the <br />month. On a 3-month moving average basis, the CFNAI increased to 0.17 in September from an upwardly revised 0.04 in August. <br />-1.00 <br />-0.50 <br />0.00 <br />0.50 <br />1.00 <br />1.50 <br />2.00 <br />Chicago Fed National Activity Index (CFNAI)3 Month Average-0.8% <br />-0.6% <br />-0.4% <br />-0.2% <br />0.0% <br />0.2% <br />0.4% <br />0.6% <br />0.8% <br />1.0% <br />1.2% <br />Leading Economic Indicators (LEI)MOM ( %) Change7
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