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Putting Down the Regional Revolt

The Fed leadership strikes back, weak consumption, labor and price data, the effect of a steeper curve, DT begins

This is a video summary of our November 29 note, Putting Down the Regional Revolt

Figure 4: The ISM surveys do not include prices received, only prices paid. Prices received have been falling since the Trump Tariff Shock. Tariffs are an adverse aggregate demand shock.

Barry C. Knapp

Managing Partner

Director of Research

Ironsides Macroeconomics LLC

908-821-75…

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