By insisting on a rate hike the Fed has “imported” some of the global slowdown
wallstreetexaminer.com / by Sober Look • May 3, 2015
Economic data out of the United States remains lackluster. We now see more evidence that a strong dollar can be quite damaging to US growth, as manufacturing employment in the US unexpectedly shifts into contraction mode.
Source: ISM, Investing.com
With this miss in the Friday’s ISM PMI report (which was generally weaker than consensus), the Bloomberg Economic Surprise index hit the lowest level since early 2009.
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