Dallas Fed Soars For 6th Straight Month To 11-Year Highs

The Dallas Fed Manufacturing survey soared – for the 6th straight month – to 24.5 in February (smashing expectations of a modest dip to 19.4). This is the highest since April 2006.

This is a 4 standard deviation beat of analysts’ expectations, well north of even the highest forecast.

 

Another soft survey ‘beat’ as hard data (core durable goods) misses.

As good as it gets?


Go to Source
Author: Tyler Durden

Be the first to comment

Leave a Reply

Your email address will not be published.


*