Fed's National Activity Index Plunges In May

Against expectations of a rise to +0.11, Chicago Fed's National Activity Index plunged to -0.51 (from a revised lower +0.05), hovering at its worst level since January 2014... Under the surface, things are ugly with only 28 of the 85 monthly individual indicators made positive contributions, while 57 indicators deteriorated.

 

 

Looks like 2014 was the right time to hiking rates Janet... you missed your window!!

 

Charts: Bloomberg