Fed Watch: A Solid Start To 2011
January 04, 2011 at 01:54 AM EST
The ISM manufacturing number was not a blowout by any means. Indeed, the rise to 57.0 headline number was slightly below expectations. Still, it is a solid number and the internals were generally supportive. New orders gained while inventory measures declined, suggesting solid sales that will sustain future production. Not surprisingly, the pricing component remains [...]