Monday, April 11, 2022

Whole-economy ISM still quite strong

 The whole-economy (manufacturing + non-manufacturing) ISM (Institute of Supply Management) index is down from its recent post-covid rebound, but is still at the sort of levels we've seen in the past associated with strong economic growth.  But the Fed is raising rates.  Chances are that the boom will steadily deflate over the next year.




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