Stagflation Signals Soaring As Factory Orders Tumbled In April
For the first time since April 2020, US Manufacturers new orders fell in April. The 0.6% MoM drop was triple the expected 0.2% MoM drop.
For context, here is inflation ‘surprises’ versus production ‘surprises’…
Stagflation anyone? What are you going to do Mr.Powell?
Fri, 06/04/2021 – 10:07