Don't take central bank pivots for granted, say flash PMIs

Manas Chakravarty • December 18, 2023 / 09:05 IST

The US Flash Composite PMI for December is at a 5-month high, putting it at odds with Powell’s recent ultra-dovish message

The question is: is signalling rate cuts appropriate at a time when economic activity, as indicated by the flash PMI, is at a 5-month high?

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