A Dilemma Of The Fed’s Own Making | Danielle DiMartino Booth & Joseph Wang
Forward Guidance
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The Fed's Insider's Perspective on the Economy
Danielle D'Martino: We had an ISM manufacturing miss, a 55.4 compared to a 57.6 that was expected. That's the lowest level since May 2020. And also, Daniel, LVMH, I believe one of their biggest clients in terms of geography is China - where you're having a huge slowdown. Mm-hmm. Look, the employment sub component, the 50.9 inside the ISM customer inventory is still very low, but 37, huge leap. So what if producers are struggling to get their hands on essential inputs that are affected by the war, but they're sitting on too much of what they don't want? The data
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