The S&P Global PMI was released 90 minutes ago and it makes for good economic reading.
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5/19/2024
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Somebody please tell me why/how the LEI’s are still negative again(17 months decline) and GNP came in last qrt at 3.3%?
I’m afraid that the Red Sea diversions will eventually upset the inflation apple cart sufficiently not to cause rates to rise but to extend higher for longer.
Even with rates staying higher, Fed will have to restart QE in some form. Liquidity and keeping the banks afloat.