Richmond Fed Manufacturing survey order backlog index collapses to its lowest level since April 2009 and has contracted now for eight months in a row for the first time in five years. Still think this is just going to be one single “insurance” Fed rate cut? pic.twitter.com/llppFBO89t
— David Rosenberg (@EconguyRosie) July 23, 2019
PHLX Housing Index struggling? pic.twitter.com/oPZq7PHWwQ
— Alastair Williamson (@StockBoardAsset) July 23, 2019
The IMF reduced its global growth forecast once again.
Sluggishness in global growth is somewhat "self inflicted," says IMF Chief Economist Gita Gopinath https://t.co/dOhROv8ACs pic.twitter.com/pxAOYQXkRq
— Bloomberg TV (@BloombergTV) July 23, 2019