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Wednesday, October 04, 2017

Hurricanes Help Boost Data While Powell Reportedly Rises to The Top of The Pack

Tim Duy:

Hurricanes Help Boost Data While Powell Reportedly Rises to The Top of The Pack, by Tim Duy: The ISM manufacturing report for September came in stronger than expected. To be sure, hurricane impacts accounted for some of the boost, particularly in supplier deliveries and prices; anecdotal responses made this clear. But it isn’t all hurricanes. Manufacturing has been gaining steam since last year. The sector continues to throw off the 2015/2016 weakness associated with the oil price decline and rise in the dollar. I often feel this improvement has been overlooked. ...Continued here...

    Posted by on Wednesday, October 4, 2017 at 11:18 AM in Economics, Monetary Policy | Permalink  Comments (25)


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