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What Drove the Leading Economic Index Higher in May?

Ricky Cove
What Drove the Leading Economic Index Higher in May?

The Conference Board Leading Economic Index (or LEI) is a monthly economic series that helps track any changes to the US business cycle. The Conference Board is an independent business membership and research institute that prepares these reports for different economies. In this series, we’ll analyze the changes to the LEI and assess whether the economic model is signaling any changes to the US business cycle.