Philly Fed Bumps Up, With a Cost-Push Inflation Hint

It’s just one region, but the Philly Fed’s Manufacturing survey bumped up in its most recent reading. The thing I find most interesting is the expectation that manufacturers will be able to out pace inflation with their pricing. If they are right, the highly technical term for that is an inflation-fueled economy flying up its own ass. If manufacturers start to feel as though they … Continue reading Philly Fed Bumps Up, With a Cost-Push Inflation Hint

“Wall Street Fears”

Perfect words, those title words. You know the drill; click headline, get article. Yesterday we noted that the US headline indexes were simply using the media’s play-by-play as an excuse to fill the most recent gaps, put there by whatever happy stuff drove casino patrons last week. “Until today, the market has been nonplused by the comings and goings of the comments and reports but … Continue reading “Wall Street Fears”