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IPFS News Link • Economy - Economics USA

Inflation Signals Soar To Record Highs Amid Mixed PMIs

• by Tyler Durden

Despite the slump in 'hard' economic data (and weakness in recent labor market data), PMIs have risen to multi-year highs as hope becomes a strategy, and flash February data showed little reflection of reality with Services improving modestly (58.9 vs 58.3 prior, and 58.0 exp) and Manufacturing very modestly lower (58.5 vs 59.2 prior and 58.8 exp).