Home News Based On Today’s Report, Powell Should Be Biting His Lip On Inflation

Based On Today’s Report, Powell Should Be Biting His Lip On Inflation

September 25, 2024

by David Haggith
GoldSeek

The rise in inflation that I’ve said we could see by end of summer, continues to look increasingly likely to emerge soon and not like it is going to cut Chairman Powell’s rate cut a break. The US manufacturing report came in at a 15-month low, signaling the economy is not as rosy as indicated.

PMIs disappointed in the early September print with both Services and Manufacturing falling.

Manufacturing actually fell way off, while services put in an inconsequential (so far) blip of a dip:

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