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Flash PMI Comes in Slightly Stronger than Expected

The flash Composite PMI came in slightly stronger than expected–although it notes that employment is softening somewhat. Does this bode well for a soft landing?

The report also made note that inflationary pressures are easing a bit.

Seems to me the report is near ‘Goldilocks’ – not too hot or too cold. The 10 year treasury moved slightly higher on the report – now up 4 basis points to now at near 4.88%.

The entire report is here.

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