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


Wall Street Slides as Iran War Uncertainty, Oil Surge, and AI Fears Rattle Markets
Gold Prices Climb as Middle East Ceasefire Talks Stir Market Optimism
Asian Currencies Weaken as Dollar Rebounds Amid Middle East Uncertainty and Japan Inflation Data
Australia-EU Free Trade Deal Signed After Years of Negotiations
Asian Markets Rally as Oil Prices Tumble and Middle East Peace Hopes Emerge
Middle East War Rattles Global Markets as Oil Tops $100 and Dollar Surges
Suspicious Oil Market Trades Precede Trump's Iran Peace Post by 15 Minutes
Oil Prices Rebound as Iran Denies U.S. Talks Amid Gulf War Supply Fears
Iran-Israel Missile Strikes Continue Amid Mixed Signals on U.S.-Iran Diplomacy
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge
Japan Eyes Oil Futures Intervention to Stabilize Yen Amid Middle East Crisis
Trump Tariffs Show Minimal Economic Impact but Boost Federal Revenue, Study Finds
Currency Markets Show Caution Amid U.S.-Iran Negotiations




