Subject to Likely, Downside Annual Benchmark Revisions this Coming Friday,
February Industrial Production Jumped by 1.1% (0.9% Net of Revisions),
Reflecting Strength in Manufacturing and Mining

Given a Record 122 Months of Non-Expansion,
Manufacturing Still Holds Shy of Its Pre-Recession Peak by 3.7% (-3.7%)

Manufacturing Gains Likely Reflected Some Inventory Rebuilding
Against Weakening Sales, As Disaster-Recovery Bloat Passes from the System

Continuing in Nonsensical Monthly Booms and Busts,
February Housing Starts Activity Fell by 7.0% (-7.0%),
Still Shy by 45.6% (-45.6%) of Recovering Its Pre-Recession Peak

First-Quarter 2018 GDP Outlook Continued to Weaken

Nonetheless, the FOMC Appears Set for a Rate Hike on Wednesday