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  • Demand weakness weighs further on US private sector business activity in November

    From pmi.spglobal.com

    November saw a solid contraction in business activity across the US private sector, according to latest ‘flash’ PMI™ data from S&P Global. Lower output was seen across both manufacturing and service sectors amid increasingly steep downturns in demand. The overall fall in activity was the second-fastest since May 2020 as inflation, rising borrowing costs and economic uncertainty weighed on demand. The headline Flash US PMI Composite Output Index registered 46.3 in November, down from 48.2 at the start of the fourth quarter. The rate of contraction signalled was the sharpest since August and among the ... (full story)

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  • Comment #1
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  • Nov 23, 2022 9:58am Nov 23, 2022 9:58am
  •  Banditten
  • Joined Sep 2019 | Status: Member | 1076 Comments | Online Now
All bad news today but especially the unemployment numbers. If FED keep raising interest into this it will end bad. FED will pivot sooner rather than later and economy will get back on track?
 
 
  • Comment #2
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  • Edited 10:20am Nov 23, 2022 10:09am | Edited 10:20am
  •  TheWolf
  • Joined May 2022 | Status: I'm Done | 205 Comments
Now, all eyes are indeed on JPY as recession is literally around the corner.

HOWEVER, this doesn't mean that USD will continue to depreciate against other currencies. Once recession hits USD will destroy everything on its path except JPY and CHF as was the case in 2007-08.
 
 
  • Comment #3
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  • Nov 23, 2022 10:09am Nov 23, 2022 10:09am
  •  Banditten
  • Joined Sep 2019 | Status: Member | 1076 Comments | Online Now
I take my bet that they will. FED will verbally signal a further tightening but in reality rates want be (much) higher than the current forward rate. But lets see.
 
 
  • Comment #4
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  • Nov 23, 2022 10:21am Nov 23, 2022 10:21am
  •  Guest
  • | IP XXXX:cf1:a233
Quoting Banditten
Disliked
I take my bet that they will. FED will verbally signal a further tightening but in reality rates want be (much) higher than the current forward rate. But lets see.
Ignored
what you are predicting lies directly against what history would suggest.. I would not be so sure the Feds pivot their stance until inflation comes down, which is certainly not the case.
 
 
  • Comment #5
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  • Nov 23, 2022 10:25am Nov 23, 2022 10:25am
  •  zOrO2kX
  • | Joined Jun 2013 | Status: Member | 36 Comments
I hope my market shorts get hit before FED minutes, I'm seeing market disappointment after it.
 
 
  • Comment #6
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  • Nov 23, 2022 10:30am Nov 23, 2022 10:30am
  •  Banditten
  • Joined Sep 2019 | Status: Member | 1076 Comments | Online Now
In any case it will be interesting to see what happens in a couple of hours.
 
1
  • Comment #7
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  • Nov 23, 2022 10:42am Nov 23, 2022 10:42am
  •  Banditten
  • Joined Sep 2019 | Status: Member | 1076 Comments | Online Now
2 yr is trading around 4.5.
 
 
  • Comment #8
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  • Nov 24, 2022 6:51am Nov 24, 2022 6:51am
  •  Guest
  • | IP XX.XXX.93.91
Maybe if corporations stopped using every excuse under the sun to raise prices demand would go back up.
 
 
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  •  Guest
  • | IP XX.XXX.152.207
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  • Story Stats
  • Posted: Nov 23, 2022 9:46am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 8  /  Views: 4,463
  • Linked events:
    US Flash Services PMI
    US Flash Manufacturing PMI
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