Evidence for demand destruction in the US economy is really piling up. Consumer sentiment tumbled, services businesses in parts of the country are shedding workers in a way and to a degree we only see during recession, and major Midwest manufacturing plunged. All that was just today. The common theme through each one is a change in employment conditions and not the good one.
Eurodollar University’s Money & Macro Analysis
the Conference Board Consumer Confidence
https://www.conference-board.org/topics/consumer-confidence
Texas Service Sector Outlook Survey
https://www.dallasfed.org/research/surveys/tssos/2024/2404#tab-comments
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU