Page 34 - Philly Fed News Today

The dominating theme in global financial markets is once again central bank policy, and equity investors in particular are worried. U.S. data is showing a flare-up in inflationary pressures, just as markets had become comfortable with the idea of a Goldilocks scenario replete with soft landings and less hot labour markets. Markets in China and Australia took another steep step down.

The scope of the challenges facing China emerged within months of President Xi Jinping unwinding harsh lockdown policies intended to contain Covid-19’s spread.

Philly Fed GDPplus Measure Sure Looks Like Recession Started In Q4 2022 Authored by Mike Shedlock via MishTalk.com, The Philadelphia Fed GDPplus measure, a…

Despite the August pullback in equity prices, markets continue to be convinced that the economy will have a "soft-landing."

Wall Street swung back to selling bonds and stocks last night as Nvidia failed to fire. S&P down -1.4%. (Available for non-subscribers after 10am)

Federal Reserve Bank of Philadelphia President Patrick Harker talked about the state of the consumer and gave his read on the economy Thursday morning at the Jackson Hole Symposium. 

Euro to Dollar August 2023 Forecast: China Concerns Dominant for Now

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Philly Fed Services Survey Screams Stagflation - Orders Drop As Prices Pop After a positive surprise in July, Philly Fed's non-manufacturing survey slumped…

In a repeat of previous sessions, the core bond sell-off slowed and even went slightly into reverse during a rather dull European trading session. The peace lasted again until the start of US trading when Treasuries started slipping away without strong trigger. Intraday US yield changes are currently close to zero compared to yesterday’s record closing highs, but they are pushing for a break above 5% (2-yr), 4.5%(5-yr), 4.34% (10-yr) and 4.42% (30-yr).