It sure looks like the Fed is hiking interest rates too fast

Posted on AllSides July 1st, 2022
From The Center

Four months after the US Federal Reserve started to hike interest rates, there are some clear signs the economy is slackening.

Manufacturing hit its lowest level in two years in June, according to data from the Institute for Supply Management manufacturing index released Friday. At the same time, the supply-chain crunch seems to be easing, with a growing number of factory managers saying suppliers are picking up the pace of deliveries.

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