US May PMI flash points to intensifying stagflation, with manufacturing input costs surging while the service sector weakens. GDP growth is slowing to around 1% annualized, while inflation remains elevated at 4% to 5%. The backdrop is negative for risk assets and supports a more hawkish policy stance.
US May PMI flash points to intensifying stagflation, with manufacturing input costs surging while the service sector weakens. GDP growth is slowing to around 1% annualized, while inflation remains elevated at 4% to 5%. The backdrop is negative for risk assets and supports a more hawkish policy stance.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.45
