ISM Services
ISM Services 60.1% vs prior 63%
Inside the number: New Orders 59.6% vs prior 64.6%, Employment 58% vs prior 56.5%, Prices 77.5% vs 70.5%. Full Report
Conclusion: although a slowdown may be imminent, energy passthrough inflation is running rampant in the supply chain.
Witness Benny & the Feds statements indicating that the Fed needs to be vigilant to make sure inflation stays under control even as the economy starts to show a slower pace of growth.
Concern over core and energy pass through inflation levels is FINALLY being expressed. Wake up and smell the coffee Mrs. Olson....
Inside the number: New Orders 59.6% vs prior 64.6%, Employment 58% vs prior 56.5%, Prices 77.5% vs 70.5%. Full Report
Conclusion: although a slowdown may be imminent, energy passthrough inflation is running rampant in the supply chain.
Witness Benny & the Feds statements indicating that the Fed needs to be vigilant to make sure inflation stays under control even as the economy starts to show a slower pace of growth.
Concern over core and energy pass through inflation levels is FINALLY being expressed. Wake up and smell the coffee Mrs. Olson....
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