US: Recession is coming but the ISM does not mark the start of it – Wells Fargo – by MSalordFX UnitedStates Banks Growth
lls Fargo forecast a recession is coming but they point out that this report does not market the start of it.“One unsettling takeaway from today's services ISM report is that the service economy is joining the manufacturing side of the economy in contraction. The headline services ISM came in at 49.6, down 6.9 points. Setting aside the pandemic-induced drop, that ties the biggest monthly decline since the financial crisis in November 2008.
“This is a pretty down-beat report on services activity to end 2022. We try not to put too much weight on any one-month release, but the rapid deterioration in key components isn't good news. In some ways this is the economic direction theInformation on these pages contains forward-looking statements that involve risks and uncertainties.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
US: The case for additional labor market weakness is clear – Wells FargoOn Friday, the US official employment report will be released. Market consensus is for an increase in payroll by 200K. Analysts at Wells Fargo point o
続きを読む »
Wells Fargo upgrades these clean energy names, says climate bill benefits have yet to materializeWells Fargo is getting more bullish on these clean energy stocks.
続きを読む »
Buy Lululemon, a 'rare name with momentum', Wells Fargo says in upgradeIt's time for investors to buy shares of Lululemon Athletica, according to Wells Fargo.
続きを読む »
Why Snowflake shares can survive a tough winter, according to Wells FargoSnowflake's stock has dropped almost 60% over the past 12 months amid concerns about software valuations, but Wells Fargo is feeling upbeat about the future.
続きを読む »
U.S. manufacturing sector contracts, prices decline in December-ISMU.S. manufacturing contracted further in December, but weakening demand amid higher borrowing costs pushed a measure of prices paid by factories for inputs to the lowest level in more than 2-1/2 years, signaling that goods disinflation was underway.
続きを読む »
US: ISM Services PMI slumped to 49.6 in December vs. 55 expectedThe economic activity in the US service sector contracted in December with the ISM Services PMI dropping to 49.6 from 56.5 in November. This reading c
続きを読む »