Fed Watch: The Rearview Mirror
March 02, 2011 at 01:42 AM EST
The rearview mirror is looking pretty good this week. The ISM manufacturing index extended January’s impressive gains, again with improving internals. Note declines in the inventory measures, which suggests manufacturing momentum is set to continue. One can wring their hands over the Personal Income and Outlays report, which revealed a very small 0.1 percent decrease [...]