Just as this Dallas FED report indicates, most economic data points from this point on (including the BS ones created by the govt.) will be pointing to an accelerated decline in the US economy. The deaf, dumb imbeciles at the FED, may still hike another 1/4 next week but it no longer matters. They have zero credibility either way and if they do, they will look that more foolish when they are soon forced to cut rates in a panic, as all hell breaks loose to the downside.

  • “Business has gotten stupid slow, and we estimate having many days of just a few hours’ work due to low volume. This is crazy—as busy as we were last year, and now for this year to have it turn off so quickly, it is hard to understand why. We hear from many others in our industry, and they are all saying the same thing: that it’s gotten slower without any signs of turning around in the near term. Perhaps it’s the Federal Reserve actions that are causing this.”                                  https://www.zerohedge.com/personal-finance/business-has-gotten-stupid-slow-dallas-fed-manufacturing-survey-slumps-post-covid