PMI, Existing home sales, Permits, Homebuying index, Fed book, China car sales, Federal budget
by WARREN MOSLER Highlights Amid a backdrop of rising inflation pressures, sharp slowing in the services PMI sample pulled down September’s composite flash and masks a strong showing for manufacturing. The PMI composite fell to 53.4 which is well below Econoday’s consensus for 55.1 and also below the low estimate for 53.8. Services fell to 52.9 vs … Read more