Week In Review: Comparing the economy of 1968-1972 to today.
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Last week was pretty uneventful for market-moving economic data, however we did get the ISM numbers, and prices paid keeps increasing. It looks like inflation definitely picked up in January and February. The ISM Manufacturing Index showed a substantial increase in prices paid, although the Services Index showed a small decline. Regardless, pricing pressures remain in the economy. Most of the Fedspeak was hawkish as well. All eyes will turn the jobs report next Friday.
Week In Review: Comparing the economy of 1968-1972 to today.
Week In Review: Comparing the economy of…
Week In Review: Comparing the economy of 1968-1972 to today.
Last week was pretty uneventful for market-moving economic data, however we did get the ISM numbers, and prices paid keeps increasing. It looks like inflation definitely picked up in January and February. The ISM Manufacturing Index showed a substantial increase in prices paid, although the Services Index showed a small decline. Regardless, pricing pressures remain in the economy. Most of the Fedspeak was hawkish as well. All eyes will turn the jobs report next Friday.