‘Soft’ Data Slammed – KC Fed Crashes Most In 6 Years As Hope Fades

Another ‘soft’ data survey gives up hope as Kansas City Fed Composite Index crashes from 20 to 7 (expectations of 17) – a 17 standard deviation miss!

 

Average workweek shrank for the first time since November, number of employees fell, production plunged, and new orders collapsed.

While the current situation fell, the six-months-forward outlook plunged to its lowest since November with New Orders expectations below pre-Trump levels.

‘Probably nothing…”

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