Dallas Fed Misses Consensus, Comes At 10.9 On Expectations Of 15.0, Prior 12.8, More Input Cost Warnings

``Since this index missed and is thus completely irrelevant, here is the only notable extract from the report: The raw materials price index jumped from 43 to 62, reaching its highest level since mid-2008. The share of manufacturers who saw an increase in input costs surged to 64 percent, compared with only 2 percent who saw a decrease.''