​Empire Fed Manufacturing Crashes From 30-Month High To 5-Month Low… – Tyler Durden

Empire Fed Manufacturing Crashes From 30-Month High To 5-Month Low… After nine straight months of ‘contraction’, September’s surge to 30-month highs in the Empire Fed’s Manufacturing survey was greeted by all as proof that Bidenomics (or something…) was working and everything was awesome once again… so vote for Kamala… October is a very different matter as the survey crashed from +11.5 to -11.9 – the lowest since May. That is the biggest MoM drop since January… Source: Bloomberg A measure of current new orders plunged nearly 20 points to -10.2 after climbing a month earlier to the highest since April 2023.…  — Continue at ZeroHedge News : Read More