The Conference Board’s Leading Economic Index for the U.S. rose by 0.3% in February

According to the Conference Board, the Leading Economic Index (LEI) for the U.S. rose 0.3% in February after falling 0.5% in January.

The LEI index is an indicator of the U.S. economy and is calculated using 10 economic data items, including new manufacturing orders, stock prices, and claims for unemployment benefits.

The LEI index for February has yet to fully reflect the impact of the crisis in Ukraine, which could slow growth in the first half of the year.

Besides, the Conference Board lowered its forecast for U.S. economic growth this year to 3%, due to rising inflation. The inflation rate in the U.S. rose to 7.9% in February, the highest level in 40 years.

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