By Tyler Durden
US Industrial Production was expected to slow its re-acceleration in December with a 0.2% MoM increase versus November’s 0.5% MoM rise, but things were notably worse with Industrial Production contracting by 0.1% MoM.
Total US Industrial Production is hovering right above pre-COVID-Lockdown levels, well short of 2018’s record highs…
Capacity Utilization dipped back lower, holding the pre-COVID-lockdown levels…
It seems Omicron and inflation angst is slowing everything down… right as The Fed readies rate-hikes and QT?
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