Economic indicators release today showed a U.S. economy barely growing, just above contraction levels. As the financial markets show extreme volatility trying to price in recent developments in the global economy, the Federal Reserve is trying to decide whether or not to cut interest rates, and if they do, how much and when.
POTUS is putting pressure on the Fed to do just that.
On the other side of the fence, pressure is being put on the Fed from hawks to not lower rates and therefore prevent asset bubbles.
Let the games begin!
Markit Manufacturing PMI (Feb) printed at 50.7 vs 50.8 consensus estimate.
ISM Manufacturing Employment Index (Feb) printed at 46.9 vs 46.6 estimate.
ISM Manufacturing PMI (Feb) printed at 50.1 vs 50.5 estimate.
ISM Manufacturing Prices Paid (Feb) printed at 45.9 vs 51 estimate.
ISM Manufacturing New Orders Index (Feb) printed at 49.8 estimate.
Construction Spending (MoM) (Jan) printed at 1.8% vs 0.7% estimate.