Trump 'Bump' Dumped - Dallas Fed Survey Collapses Most Since 2008 As 'Hope' Crashes

The last time The Dallas Fed's business survey collapsed at this pace, the US economy was in the heart of its last recessionary contraction...

Against expectations of a modest drop from 17.6 last month to 15.0 in December, the Dallas Fed Manufacturing survey collapsed to a stunning -5.1 - dramatically below the lowest analyst estimate of +13.0.

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Current new orders increased as did wages and benefits but the headline index was crushed by a plunge in hope - as future expectations crashed from 38.0 to 35.6 to 25.7 to 3.2!! in the last few months...

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Erasing all the post-Trump bump.

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