US economy is outperforming forecasts, survey indicates
US economic data are outperforming expectations by the most in nine months, a trend Federal Reserve officials may incorporate into their policy statement Tuesday. The Citigroup Economic Surprise Index, a daily measure of whether economic data is better or worse than economists’ projections, improved to 85.7 on Dec. 2, the highest since March 9, after the Labor Department reported an unexpected drop in the jobless rate. The index is calculated on a three-month rolling basis and weighted for the importance of the indicator.
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