Is slower acceleration of U.S. growth in leading economic indicators a problem?

The U.S. Leading Economic Index (LEI) grew slower in May than in recent months but remained in record territory, according to the latest release of this key forward-looking indicator.

Economic growth "is not likely to accelerate," according to Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board, which conducts the research tracking the 10-component indexes in the LEI monthly.