by Looks to me like it’s still decelerating? From the American Chemistry Council: Chemical Activity Barometer Continues Solid Growth in June; Signals Higher U.S. Business Activity Through End Of The YearRead more at http://www.calculatedriskblog.com/#fcgmQuzJH31oFHbc.99 Wage ‘pressures’ indicators, after all this time, are finally moving up towards what would have been considered historically very low levels, so time to slam on the brakes? (Not that rate hikes are slamming on the brakes, but that they think they are.) The next recession is already here—and there isn’t much the Fed can do By Michael PentoJune 21 (CNBC)
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Looks to me like it’s still decelerating?
From the American Chemistry Council: Chemical Activity Barometer Continues Solid Growth in June; Signals Higher U.S. Business Activity Through End Of The Year
Read more at http://www.calculatedriskblog.com/#fcgmQuzJH31oFHbc.99
Wage ‘pressures’ indicators, after all this time, are finally moving up towards what would have been considered historically very low levels, so time to slam on the brakes? (Not that rate hikes are slamming on the brakes, but that they think they are.)
The next recession is already here—and there isn’t much the Fed can do
By Michael Pento
June 21 (CNBC)