23 September 2019

Dee Feat is in Dee Flation - part the thirty seventh

Specifically, the eurozone's flash September Manufacturing PMI declined to 45.6 from 47.0 in August, and Germany's flash Manufacturing PMI fell to 41.4 from 43.5. A reading below 50.0 denotes a contraction. In turn, growth concerns have contributed to the increased demand for U.S. Treasuries, driving yields lower across the curve.
-- briefing.com/23 September 2019

And how, pray tell, is Powell supposed to stop this rush to Treasuries?? Hmmm?

No comments: