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Tariff Inflation Evident In Otherwise Decent US PMIs
Demand's holding up, but price pressures are evident.
That was the overarching message from prelimi
Intuitively it seems manufacturing should be earlier in line to feel tariffs than services, because the goods used in services first have to be manufactured?
Can’t get away from the feeling that Trump, particularly via Doge, tariffs and ICE, has laid many landmines that have some lag before they detonate parts of the economy.