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Finance Committee Agenda and Packet 2023 05 18
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Finance Committee Agenda and Packet 2023 05 18
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7/5/2023 5:16:33 PM
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7/5/2023 3:57:13 PM
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City Council Records
Meeting Date
5/18/2023
Doc Type
Boards Commissions Committees Records
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IEconomic Activity <br />Leading Economic Indicators (LEI) <br />1.5 <br />1.0 <br />0 <br />g 0.0% <br />0 <br />-0.5% <br />-1.0% <br />�06�� <br />1 <br />Source: The Conference Board <br />Chicago Fed National Activity Index (CFNAI) <br />1.00 <br />0.75 <br />0.50 <br />a <br />a 0.25 <br />s <br />r <br />0.00 <br />M <br />-0.25 <br />-0.50 <br />XI <br />Source: Federal Reserve Bank of Chicago <br />The Conference Board's Leading Economic Index (LEI) remained in negative territory for the eleventh consecutive month at -0.3% in February, <br />unchanged from -0.3% in January. The LEI was down 6.5% year -over -year in February versus down 5.9% year -over -year in January. The <br />consistent decline month -over -month continues to signal future contraction in the economy. The Chicago Fed National Activity Index (CFNAI) <br />declined to -0.19 in February from +0.23 in January. On a 3-month moving average basis, the CFNAI increased to -0.13 in February from -0.27 in <br />January, indicating a rate of growth below the historical average trend. <br />7 Qtj <br />20/76 <br />
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