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Global Daily: The signal and "What's that noise overhead?"

26 March 2025 5:03 RaboResearch

As discussions over who said what over Signal swirled among US politicians and journalists --on Signal-- US consumer inflation expectations leaped to 6.2% y-o-y, which is hardly the anchored level the Fed keeps telling us is the signal they are receiving. Worse, prices paid in the Philly Fed services survey hit 36, the highest since November 2023, with a plunge in activity to -32.5, the lowest since May 2020 in Covid lockdown. In other words, sinking like an anchor. As is a lot else.

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Non Independent Research - This document is issued by Coöperatieve Rabobank U.A. incorporated in the Netherlands, trading as “Rabobank” (“Rabobank”) a cooperative with excluded liability. Read more