Loading ...Do these ‘soft’ surveys have any value whatsoever when they can swing from 3 year lows to 1 year highs over the space of one month?
Finally, there’s the “special question” which suggests everyone is optimistic about the future…
https://www.zerohedge.com/news/2019-07-18/philly-fed-survey-soars-12-month-highs-jumps-most-decade
So why are we cutting rates again?
COMMENTARY
Is there ANY credibility or substance left in any of the swill we are feed by our “officials in charge”? This “survey”, like most other “data” disseminated to the public by the corporate/government conglomerate is total horseshit….can you smell it or not? That’s the only survey question that’s needs to be asked!
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All part of the DS anti-Trump regimen? And seems absurd when looking at the reality in the US today?
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Data means nothing right now. I expect a 50 basis cut and more come the end of July.