“Stagflation Is Upon Us” – Dallas Fed Manufacturing Survey Contracts For 11th Straight Month
March 27, 2023 at 10:40 AM EDT
For the 11th month in a row, The Dallas Fed Manufacturing Outlook survey printed negative (signaling contraction) in March, dropping to -15.7 (from -13.5), significantly below the -10.0 expected bounce. Source: Bloomberg The new orders index was negative for a 10th month in a row and came in at -14.3, little changed from February. The […] Source
