Richmond Fed manufacturing index shows sector contracting for 10th consecutive month.

July 25, 2023 11:24 am by CWR

Sharing is Caring!

Richmond Fed manufacturing index showed the sector contracting in the district for the 10th month out of the last 12. This data looks more stagflationary then a substantial recession, still.

Actual -9, previous -8 pic.twitter.com/D82XqiDoRm

— Don Johnson (@DonMiami3) July 25, 2023

See also Core CPI inflation is now at 3.3% and rising for the first time in 18 months. CPI shows 2.4% total due to energy drop, but services remain sticky at 4.7%.

See also Fed Beige Book Shows Only 3 of 12 Regions Growing, 3 Declining

Leave a Comment Cancel reply