Kansas Fed Manufacturing Index plummets to -20 in July, signaling sharp contraction in the regions mfg activity. pic.twitter.com/98y7PpgAn1
— Don Johnson (@DonMiami3) July 27, 2023
Kansas Fed Composite Index edges up to -11 in July from -12 in June, but don't be deceived by modest gains. The economy remains entrenched in weakness. Beneath the surface, vulnerabilities persist. #Valhalla pic.twitter.com/HdEgHKM8s2
— Don Johnson (@DonMiami3) July 27, 2023
A Soft Landing—for Whom?
I truly wonder what people in line at food banks would say if an economist approached them and said,
“We did it! The data says inflation is down and we still have a strong job market! We got a soft landing” https://t.co/Ns2zxV3apC
— Amy Nixon (@texasrunnerDFW) July 27, 2023