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<p>The Conference Board’s Leading Economic Index (LEI) exceeded economists’ expectations by jumping +0.9% in August.&nbsp; Furthermore, the monthly gain in the LEI accelerated to a three-month high as its leading components shrugged off concerns regarding persistent inflation and the COVID-19 Delta variant.&nbsp; While some warning flags have started to emerge in the macroeconomic and technical data, resilience in the LEI is reason for cautious optimism.</p>
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