New orders down 20%. Growth of orders -22%. Prices paid for raw materials up 48%. Company outlook -28.3. General Business Activity -35.8. Hours worked -6.4. Markets seem to be doing a Wile E. Coyote suspended above the abyss... how long can Mr. Market Coyote hang up there?
https://www.dallasfed.org/research/surveys/tmos/2025/2504#tab-results
