Dallas Fed Contracts For 3rd Straight Month, Confirming Regional Survey Slump

Against expectations of a rebound to 0.0, The Dallas Fed Manufacturing Outlook survey disappointed in December, sliding from -1.3 to -3.2 - in contraction for the 3rd straight month...

The Dallas Fed survey has been in contraction for 7 months this year...

Source: Bloomberg

Fed's Kaplan Sees Risks to Outlook as 'Fairly Balanced'

Under the hood was just as unimpressive with New Orders Growth rate contracting and Finished goods contracting along with the six-month outlook dropping further.

Dallas joins, Philadelphia, Kansas, Chicago, and Richmond in their regional weakness in December..

Source: Bloomberg

But, but , but, The Fed is on hold!?