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CAI I Economic Activity <br />MOM (%) Change <br />0.7% <br />0.6% <br />0.5% <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 />Leading Economic Indicators (LEI) <br />4j, oc ,42�,Or (i/, Qcf4j, <br />75 7 76 76 76 76 7> 7,> <br />Source: The Conference Board <br />0.60 <br />0.40 <br />k' 0.20 <br />> <br />s 0.00 <br />0 <br />2 <br />M -0.20 <br />-0.40 <br />-0.60 <br />Chicago Fed National Activity Index <br />(CFNAI) <br />4j c ,7 7di? 7 10,.. <br />p'76 ✓4/7 0047 7d� 7> 90 <br />r7 ✓G/7� <br />S S 6 6' 6 > <br />Source: Federal Reserve Bank of Chicago <br />The Index of Leading Economic Indicators (LEI) rose 0.3% in July, following a strong 0.6% increase in June. The increase in the LEI <br />suggests economic growth may improve through year-end. However, the Chicago Fed National Activity Index (CFNAI) decreased to - <br />0.05 in July on a 3 -month moving average basis from 0.09 in June. According to the Chicago Fed, the CFNAI points to economic growth <br />near the historical trend. Overall, we believe the economy remains on a slow growth trajectory. <br />