Positive Surprises for U.S. Economy Before Jobs Data, Fed: Chart

Citigroup Inc.’s U.S. Economic Surprise Index, measuring whether data beat or miss forecasts, climbed to the highest level since August last week. The positive reading comes ahead of the Federal Reserve’s December meeting, when bond traders expect policy makers to raise interest rates for the first time this year. At least one more closely watched data point remains before the decision: the Labor Department is scheduled to release its November U.S. jobs report on Dec. 2.

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