Something for your Espresso: Someone forgot to tell the US Manufacturing cycle that we are in slowdown
The Philly Fed survey was the strongest seen in quarters, indicating that the manufacturing cycle in the U.S. is now gaining some momentum beneath the surface. Meanwhile, Japan reported a moderately high inflation rate, and the ECB appears to be on a mental vacation.
![Something for your espresso](https://stenoresearch.com/wp-content/uploads/2023/01/Something-for-your-espresso.png)
The Philly Fed survey was the strongest seen in quarters, indicating that the manufacturing cycle in the U.S. is now gaining some momentum beneath the surface. Meanwhile, Japan reported a moderately high inflation rate, and the ECB appears to be on a mental vacation.
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