- At the last FOMC [Federal Open Market Committee] meeting, the Fed acknowledged their tapering discussion, but they also shifted up the median dot plot of their first rate hike in 2023 from zero hikes to two hikes.
- Inventory to sales is close to record lows right now that we saw back in 2011, even though there’s been a desperate effort to restock.
- One of my favorite metrics to assessing economic momentum is manufacturing PMI [Purchasing Managers’ Index] because manufacturing PMI leads GDP or economic activity by two quarters.
For further details see:
Anatomy Of A Recession: Plateauing But Strong Economic Activity