US economic data is missing big

From Bloomie and Forexlive:

citi us eco surprise 19 February 2015

Investors who are driving almost three weeks of losses in the Treasury market — saying yields are too low given what’s happening in the U.S. economy — should look at the Citi Economic Surprise Index.

It shows U.S. economic data are failing to meet expectations by the most in more than two years. The figure jibes with a Federal Reserve statement Wednesday signaling policy makers’ willingness to keep interest rates low for longer, given risks to the economy ranging from a stronger dollar to wages and housing.

Rate hikes are off until Q3 at least.


  1. The Traveling Wilbur

    *Please* tell me it’s possible to go long on this index!!! (somewhere with someone, anyone).

  2. Perhaps this will give time for the AUD to consolidate against or rise against the USD before is sales into abyss.