US economic data is missing big

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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.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.