ISM MANUFACTURING DATA LOWER THAN EXPECTED; EMPLOYMENT INDEX UNEXPECTEDLY ROSE TO THE HIGHEST LEVEL SINCE SEPTEMBER 2022
The ISM Manufacturing gauge shrank in May at a faster pace than expected as a measure of new orders fell by the most in nearly two years. The headline data was the weakest in three months.For the moment, the weakness in the statistics is being interpreted as the large increase in the overnight rate is … Read more