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Fed is Hiking when it should be Cutting [Eurodollar University, Ep. 238]

Eurodollar University

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New Orders and the I S M, Purchasing Manager Index

We're going back in time all the way through 20 17, the last rate hike cycle by the federal reserve. And we get a completely different picture from what the fed was doing back then yet. The i s m number is more of a forward looking indication. If you've got rising new orders, that means yo're going o have more business in the future. But as we know, they didn't turn out that way.

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