
A crucial chart for the market: The battle between soft and hard data in the United States

The gap between (soft) weak data and (strong) hard data is narrowing... and the direction is contrary to expert predictions. Survey data is beginning to accelerate upward, while real economy data remains stable. Considering the progress in China-U.S. negotiations, the subsequent soft data representing expectations may further rebound. Is the Federal Reserve's decision to patiently wait for hard data correct?
The gap between (soft) weak data and (strong) hard data is narrowing... and the direction is contrary to expert predictions. Survey data is beginning to accelerate upward, while real economy data remains stable.
Given the progress in China-U.S. negotiations, the subsequent soft data expected by representatives may further rebound.
Is the Federal Reserve's decision to patiently wait for hard data correct?