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xchrom

(108,903 posts) Mon Jul 30, 2012, 01:37 PM Jul 2012

GIGANTIC MISS: DALLAS FED REPORT PLUNGES TO -13.2

http://www.businessinsider.com/july-dallas-fed-2012-7

According to Bloomberg, the main Dallas Fed index report fell to -13.2 from 5.8.

This is one of several regional Fed indices that offer a gauge on the manufacturing sector in said region.

They're crucial measures of the economy, and good previews foer both the ISM and the employment index.

The market hasn't reacted much, but clearly this is not good news.

Read more: http://www.businessinsider.com/july-dallas-fed-2012-7#ixzz22827pP4k

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GIGANTIC MISS: DALLAS FED REPORT PLUNGES TO -13.2 (Original Post) xchrom Jul 2012 OP

The economy softened in Q2 and I expect GDP to be revised down taught_me_patience Jul 2012 #1

taught_me_patience

(5,477 posts)

1. The economy softened in Q2 and I expect GDP to be revised down

Reply to xchrom (Original post)

Mon Jul 30, 2012, 01:42 PM

Jul 2012

from 1.5% to 1% in the coming months. Dow dropped about 80 points on the dismal Dallas Fed news. The troubles in Europe, state and local government austerity, slow income growth and consumer spending, and looming fiscal cliff are dragging the economy down. Hopefully, the economy holds on until the election.

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