james on Nostr: The market is reacting negatively this morning to extremely poor ISM manufacturing ...
The market is reacting negatively this morning to extremely poor ISM manufacturing data.
Here’s the TLDR:
Demand fell, inventories rose (due to unsold stock), and prices *rose* (due to labor and shipping costs). In essence, this is stagflation (higher prices in a stagnant or slowing economy).
The Fed’s worst nightmare.
Published at
2024-09-03 15:15:17Event JSON
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"content": "The market is reacting negatively this morning to extremely poor ISM manufacturing data. \n\nHere’s the TLDR:\nDemand fell, inventories rose (due to unsold stock), and prices *rose* (due to labor and shipping costs). In essence, this is stagflation (higher prices in a stagnant or slowing economy). \n\nThe Fed’s worst nightmare.\nhttps://m.primal.net/KcSH.png",
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