Speaking of bellwethers – on Wednesday warnings from FedEx wobbled risk | Forexlive

The news as it hit is here ICYMI:

Check out that link for more, its not good news for the US economic outlook. Rate hikes impacting, yeah?

For more on the story Reuters have a piece up, the TL;DR version is that “demand trends reversed faster than expected”:

• “In the U.S., you’re seeing again, as anticipated, a bit of a reset from the e-commerce boom and the volume surges that accompany that,”
• “We projected to have lower volume in our fiscal first and second quarter already. It just came in lower than our initial projections were,”