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Free AccessAs if today's PMI and home sales weren't bad enough, some attention being paid to the weak May Richmond Fed index: -9 was the worst reading since May 2020 and a significant miss vs +10 expected (and +14 prior).
Source: Richmond Fed, ISM, MNI
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for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.As if today's PMI and home sales weren't bad enough, some attention being paid to the weak May Richmond Fed index: -9 was the worst reading since May 2020 and a significant miss vs +10 expected (and +14 prior).
Source: Richmond Fed, ISM, MNI