2nd November 2021

  • Fed Confronts Economy With Most Widespread Shortages Sinc; e 1970s

Word ‘shortage’ appeared 70 times in last Beige Book

Richmond Fed poll found almost 75% of businesses running short

https://blinks.bloomberg.com/news/stories/R1W0FCDWRGG2

  • Fed to Taper in November Amid Inflation Concerns, Economists Say

Survey sees first rate hike early 2023, rising to 1.75% in ’24

Economists say FOMC statement will tweak inflation language

https://blinks.bloomberg.com/news/stories/R1P44BDWLU6H

  • Stagflation Lite Stalks World Economy as Supply Crisis Deepens

New Bloomberg Economics gauges show the extent of the global supply shortages that are pushing prices higher and putting economic recoveries at risk.

https://blinks.bloomberg.com/news/stories/R1XF4ADWRGGD

  • Manufacturing Growth in U.S. Eases as Supply Chain Issues Linger

ISM index slipped to 60.8 in October from 61.1, estimate 60.5

Average lead time time for materials climbed to record 96 days

https://blinks.bloomberg.com/news/stories/R1WCYODWRGG2

CLICK HERE TO READ THE FULL ARTICLE

For more information please contact Rubrics Asset Management. info@rubricsam.com.