Total US Industrial Production is hovering right above pre-COVID-Lockdown levels, well short of 2018’s record highs…
Worse still, Manufacturing production tumbled 0.3% MoM in December, dramatically worse than the +0.3% MoM expected…
Capacity Utilization dipped back lower, holding the pre-COVID-lockdown levels…
It seems Omicron and inflation angst is slowing everything down… right as The Fed readies rate-hikes and QT?
Fri, 01/14/2022 – 09:20
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Author: Tyler Durden