<ul><li>Fed funds rate currently appears restrictive, financial conditions have tightened since Sept</li><li>Some tightening is due to long end, which can be volatile</li>
<p>Another PMI from China today, this time the privately surveyed Manufacturing PMI for November. </p><p>Yesterday we got disappointing news on the official PMIs:</p><ul>
<p>The report is somewhat similar to the one right after the ECB meeting on Thursday last week <a href="https://www.forexlive.com/centralbank/ecb-sources-are-united-on-forecasting-rate-c
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