Mr. Powell Gets a Surprise

This awesome chart (courtesy of MetaStock) showing the Citigroup Economic Surprise Index for the G10. These indices compare actual data to Bloomberg Survey expectations. They have Economic Surprise indices for several different economic zones.

As you can see, the data is coming in softer than expected. That is, the global economy is not as strong as previously thought, which is contrary to what Powell has been saying for the past three months now.


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