Dallas Fed Latest Economic Contraction Confirmation; Survey Respondents’ Gloom Soars

eWallstreeter | eWallstreeter | August 29, 2011 7:52 am

The second economic disappointment of the day comes from the Dallas Fed, which dropped from -2.0 to -11.4 on expectations of -9.0- this was the 4th consecutive negative print month. The report was, in a word, horrible, with just 2 of the 15 constituent indices posting an increase, and the bulk solidly in the red, led by Unfilled and New Orders…

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