Am I wrong? The rise in interest rates suggested to me that the US economy would slow sharply during 2023. Instead, there are many signs of a tentative rebound.
The provisional ("flash") PMIs for manufacturing and services both ticked up in March.
Yes, the lags between rises in interest rates and the subsequent downturns in the economy are long. All the same .....
Is this a mini rebound to be followed by a renewed downturn? We shall see!
(Click on the charts to see them more clearly)
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