Citi's Economic Surprise Index has been weakening for the last 10 months, approaching levels seen in Spring 2022. Despite this, consumer spending remains robust according to credit card data. The U.S. Inflation Surprise Index is also showing signs of decline, indicating a decelerating economy with potential rate cuts on the horizon. The latest data suggests a negative trend in economic surprises, with implications for growth stocks and economic activity.
Citi's US economic surprise index falls even deeper into negative territory. Given we're highly likely to see a soft core PCE inflation print later today, I'm more interested in the spending and income figures given the implications for economic activity. https://t.co/SWVRYlMsvH
Citi Economics Surprise index hits the lowest level in more than a year, chart @YahooFinance https://t.co/k87A7CfnMO https://t.co/z8Tz2acmXw
Citi Economic Surprise Index and Bloomberg Economic Surprise Index getting weaker... The US economy is decelerating and rate cut(s) likely to be around the corner, which will be good for earlier stage growth stocks. https://t.co/IDJUtapesk
Citi U.S. Inflation Surprise Index starting to roll over again (albeit slightly) https://t.co/QfhAXAxWgc
Citi Economic Surprise Index has been weakening for the last 10 months and is approaching Spring 2022 levels but consumer spending remains robust per credit card data. One of the larger divergences seen in the last five years. Will see how it resolves. https://t.co/bULIvMfgsp