‘Bracing For Recession’

Feel free to put your own spin on things, but from where I'm sitting, decelerating economic activity and evidence that price pressures are percolating again seems like a foreboding combination. Market participants drowning in top-tier data were treated to a below-consensus headline print from America's marquee manufacturing survey on Wednesday, and it was accompanied by an uptick on a key underlying price index. At 47.4, ISM manufacturing missed estimates for January. It was the weakest readin