• Economic Data Shows Growth Slowing But Still Barely In Expansion Mode As Virus Impact Felt

    March 2, 2020
    No Comments
    Economic Data Shows Growth Slowing But Still Barely In Expansion Mode As Virus Impact Felt
    Image by Phoenix7777

    Economic indicators release today showed a U.S. economy barely growing, just above contraction levels. As the financial markets show extreme volatility trying to price in recent developments in the global economy, the Federal Reserve is trying to decide whether or not to cut interest rates, and if they do, how much and when.

    POTUS is putting pressure on the Fed to do just that.

    On the other side of the fence, pressure is being put on the Fed from hawks to not lower rates and therefore prevent asset bubbles.

    Let the games begin!

    Markit Manufacturing PMI (Feb) printed at 50.7 vs 50.8 consensus estimate.

    ISM Manufacturing Employment Index (Feb) printed at 46.9 vs 46.6 estimate.

    ISM Manufacturing PMI (Feb) printed at 50.1 vs 50.5 estimate.

    ISM Manufacturing Prices Paid (Feb) printed at 45.9 vs 51 estimate.

    ISM Manufacturing New Orders Index (Feb) printed at 49.8 estimate.

    Construction Spending (MoM) (Jan) printed at 1.8% vs 0.7% estimate.

    Author

    Avatar photo

    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
  • Subscribe
    Notify of
    guest

    0 Comments
    Inline Feedbacks
    View all comments
    magnifierchevron-right

    Subscribe to our evening newsletter to stay informed during these challenging times!!