The Conference Board's index of U.S. leading indicators edged up 0.1% in May, less than expected after a more robust gain of 0.8% in April. Gains from improved job and housing markets were offset by federal spending cuts. "There are indications of a moderation in growth. ... It's just going to take some time for the economy to turn up," said economist Jonathan Basile of Credit Suisse Holdings USA in New York.
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