The Empire Strikes Out! Business Conditions Expectations Plunged To Lowest Since 9/11

#bubble, #inflation, Agency MBS, Bank of England, Bank of Japan, Banking, CMBS, CRE, Credit, ECB, Economy, Existing Home Sales, fannie mae, Fed, Gold, Housing, Inflation, Mortgage, New Home Sales, Pension, Powell, REITs, Retail, Silver, SPX, Taylor Rule, Trade, Treasuries, Treasury, VIX, Volatility, Wages, Yellen 1 Minute

The Emperor is actually China’s Xi Jinping! Causing the Empire Fed Manufacturing index to decline.

Despite the slump in ‘soft’ survey data, analysts expected Empire Fed Manufacturing to bounce back from March’s tumble to one year lows and they were right with the headline index rising from -20.0 to -8.1 (considerably better than the -13.5), but still negative. However, while current conditions jumped, expectations plunged to the lowest since 9/11/.

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Published by confoundedinterest17

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