No sign of recession here.
Several May surveys are showing signs of turning around some.
This was all ÃƒÂ¢Ã¢â€šÂ¬Ã‹Å“better than expectedÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢ with prices blipping up and actual inventories continuing lower.
Still down but could be bottoming as well.
Still moving higher.
May price data has the FedÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢s undivided attention.
Confidence falls to new lows probably due to rising inflation expectations.