Price Pressures, Price Pressures, Price Pressures

Price Pressures, Price Pressures, Price Pressures

In a somewhat unexpected turn for an economy hitting on all cylinders, ISM manufacturing posted a sizable miss for April. The headline print was "just" 60.7, still elevated, but well off consensus, which was looking for 65. The range of estimates, from more than five-dozen economists, was 61.4 to 68. So, April's read came in below the most pessimistic guess. "The manufacturing economy continued expansion in April. Survey Committee Members reported that their companies and suppliers continue
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4 thoughts on “Price Pressures, Price Pressures, Price Pressures

  1. After the sugar high provided by the Trump tax cuts, the U.S. economy had settled back into its 2.0 “new normal” mode by January 2020. Could that be where we’re heading after this intense but likely brief re-open phase? What’s the over-under on 2.0% GDP for 4Q2021?

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