Dallas Fed Dead-Cat-Bounce Dies – Economy Contracts For 20th Month In A Row

Monday, August 29, 2016
By Paul Martin

by Tyler Durden
Aug 29, 2016

Having jumped miraculously from -18 to -1.3 in July, August’s Dallas Fed plunged back to -6.2 – contracting for the 20th month in a row. The worse than expected headline data came despite a rise in new orders as the number of employees, average workweek, and capex all plunged into contraction. Hope also tumbled from 18.4 to 7.0 with inventories and new orders expected to slow.

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