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.@NewYorkFed Global Supply Chain Index was little changed in August, edging up to 1.06 vs. July’s reading of 0.94 (revised up from 0.79)
September @NewYorkFed Services PMI slowed to -8.7 vs. +0.5 prior … business climate -35.9 vs. -25.7 prior; employment -4.9 vs. +2.4 prior; wages +30.3 vs. +30.7 prior; prices paid 69.0 vs.70.1 prior
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Per @NewYorkFed August SCE (Survey of Consumer Expectations) underscores consumer pessimism on labor market; probability of higher unemployment in 1y at highest level since pandemic, while confidence in finding a job if one’s current job is lost remains below pandemic-era levels
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Per @NewYorkFed August SCE (Survey of Consumer Expectations) underscores consumer pessimism on labor market; probability of higher unemployment in 1y at highest level since pandemic, while confidence in finding a job if one’s current job is lost remains below pandemic-era levels
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Per @NewYorkFed Survey of Consumer Expectations, commodity price growth expectations for year ahead increased across the board in August … gas had largest jump, rising to 4.6% vs. 2.9% in July
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August @NewYorkFed median 1-year inflation expectations +3.58% vs. 3.63% prior … 3-year +3.19% vs. 3.26%
August @NewYorkFed Services PMI up +0.5 vs. +8.7 prior … business climate -25.7 vs. -24.0 prior; employment +2.4 vs. +4.3 prior; wages +30.7 vs. +30.7 prior; prices paid 70.1 vs.66.7 prior
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