Tuesday, August 22, 2023

Stagflation

Philly Fed Services Survey Screams Stagflation - Orders Drop As Prices Pop

Tyler Durden's Photo
BY TYLER DURDEN
TUESDAY, AUG 22, 2023 - 06:35 AM


After a positive surprise in July, Philly Fed's non-manufacturing survey slumped back into contraction in August (from +1.4 to -13.1). Additionally, while respondents continue to expect a growth over the next 6 months, that optimism is fading rapidly...



https://www.zerohedge.com/markets/philly-fed-services-survey-screams-stagflation-orders-drop-prices-pop

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