Beige Book Flagging a Soft Jobs Number Tomorrow
Yesterday’s Beige Book was the weakest since the winter of 2020
Highlights
• Yesterday’s Beige Book was the weakest since the winter of 2020
• 2s/10s yield curve un-inversion is a recession signal
• Dollar Tree is the latest retailer to signal a struggling consumer
• July’s PCE inflation data flag fading price pressures
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