06-03-2017 20:41 via feedproxy.google.com

There's a problem with the post-Trump boom in economic data

In the months following the election of President Donald Trump, economic data have been on an upswing.
Survey measures of expectations such as consumer confidence, purchasing manager surveys, and regional Federal Reserve surveys have all seen booms. Citi's US economic surprise index — a measure of economic data' performance against expectations — has been pushed to multi-year highs.
There's only one problem: This boost may not be as good as it appears.
Much of the rece
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