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 can cost-push and they do so, you just watch how interest rates begin to take note and adjust (I know, I know, the Fed will manipulate and suppress the bond bond market… but it’s different on this cycle as compared to 2013, as a coming post will attempt to illustrate).
Anyway, here’s the report if you want to click it and get it.
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