Fed's National Activity Index Plunges To 6-Month Lows As Yellen Hikes Rates

It would appear that The Chicago Fed's own National Activity Index (CFNAI) is not part of the The Fed's "data" that it is so "dependent" on. CFNAI has been in contraction (sub-zero) for 9 of the 11 months of 2015 and today's November print, missing expectations once again, tumbled to its lowest since May.

 

 

It would seem like Fed rate hike timing is questionable at best?