If Dallas wasn't enough, Richmond comes in on a big slowdown in manufacturing. A few days ago I jokingly said there won't be any margins left soon, they say every joke has a little truth in it. The Richmond Fed confirms once again, prices going in are rising while prices going out are falling, that's a true margin squeeze and an EPS killer.
So the FOMC once again faces the Bernanke Chinese Finger Trap, raise rates to kill inflation and the consumer and small businesses? Or Leave them and kill small businesses and the consumer?
5 years ago
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