– Arctic Polar Blast Coming: Midwest Temperatures To Plunge 35 Below Average, Chicago Facing Record Lows (ZeroHedge, Jan 4, 2015):
Following several weeks of economic data that has been, despite erroneous expectations of a Fed rate hike, one major disappointment after another including regional Fed reports, housing data, manufacturing surveys, construction spending, and durable goods data, the US economy is about to get the slowdown scapegoat it so desperately needs: according to Weather.com, following a brief overnight respite from cold temperatures, entering the first full week of January, both the Midwest and the East will see a plunge to the coldest temperatures of the season. As a result, high temperatures are expected to be up to 35 degrees below average in parts of the Midwest by midweek. Chicago may see a subzero high temperature on Wednesday. The last time the mercury did not reach zero was on January 6 of last year. Chicago may also set a daily record cold high temperature on Wednesday (current record is 3 degrees set just last year) and a record low temperature on Thursday morning (current record is 10 degrees below zero).
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