Citi's economic surprise index for the United States has dipped below zero as the data continuously points to a slowdown in the economy. Manufacturing PMI, non-manufacturing PMI, Non-farm payroll report, all points to a slowdown in the month of August.
The real question is whether this is a temporary phenomenon or beginning of a fresh slowdown in economic activity. Lot many indicators are pointing to the increased possibility of a recession ahead.
Chart courtesy - Soberlook.com


Japan’s Yen Intervention and BOJ Rate Hike Bets Support Currency Recovery
Japan Tech Stocks Surge as AI Optimism Lifts SoftBank, Chipmakers
Gold Prices Rise as Weaker Dollar and Iran Ceasefire Hopes Boost Safe-Haven Demand
Oil Prices Surge as U.S.-Iran Conflict Threatens Strait of Hormuz Supply Route
Oil Prices Rebound Slightly After Sharp Drop on Iran Deal Hopes
US Trade Court Blocks Trump’s 10% Global Tariffs
China-Made Fireworks Power U.S. Independence Day Celebrations Amid Trade Truce




