🏦Gold Medal Finance | New York Fed October Survey Flash

1️⃣ Service sector business activity plunged, with the index falling to -20.7, its lowest level since March
2️⃣ Businesses raised prices at the fastest pace since 2022, and sticky inflation is evident
3️⃣ Input costs continued to climb, and supply chain conditions deteriorated
4️⃣ Businesses were slightly pessimistic about the outlook, while employment was flat with no improvement
💡 Key signal: Economic slowdown + stubborn inflation = early signs of stagflation. Expectations for Fed rate cuts may be pushed back further, creating a short-term bearish outlook for risk assets. Pay attention to position management