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
- 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
- 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.
- 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
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