The index of leading economic indicators rose a solid 0.4 percent in August in results that, however, do not fully reflect the impact of Hurricane Harvey. The yield spread, reflecting low short-term rates, was a strong contributor as always as were once again consumer expectations and ISM new orders. Initial claims were the only one of 10 components that pulled down the index in what is likely to be repeated in September and perhaps October as well given hurricane effects. Yet, hurricanes aside, the report notes that underlying trends in the economy point to an extension of the current pace of solid growth. Other readings include an unchanged reading for the coincident index, down from a 0.3 percent rise in July, and a 0.3 percent August gain for the lagging index, up from July's 0.2 percent gain.