Breaking news. US ISM Manufacturing fell to 49.4 in August from 52.6 in July. A reading below 50 indicates contraction.
Construction spending also fell to 0% growth vs 0.9% growth in the month prior.
Guess the US economy is not as awesome as the Fed thinks. Now the big question is: Will the Fed be data dependent?
Construction spending also fell to 0% growth vs 0.9% growth in the month prior.
Guess the US economy is not as awesome as the Fed thinks. Now the big question is: Will the Fed be data dependent?
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