The leading economic index rose 0.2% in February in a sign the U.S. economy should expand at a moderate rate in the months ahead, according to the Conference Board. "Widespread gains among the leading indicators continue to point to short-term growth," said Ataman Ozyildirim, an economist at the board. "However, easing in the LEI's six-month change suggests that we may be entering a period of more moderate expansion." The coincident index, which measures current conditions, rose 0.2% in February. The lagging index increased 0.3%. The LEI is a weighted gauge of 10 indicators designed to signal business-cycle peaks and valleys.
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