5min chapter

The Loonie Hour cover image

Fed Hikes Rates Despite Banking Crisis Spreading

The Loonie Hour

CHAPTER

The Non-Ism Manufacturing PMI

The ISM manufacturing PMI, the best diffusion index in the world, basically stopped falling. The thing that really shocked me, I didn't shock me, but that stood out on the services sector side, right? There's non-manufacturing, which is services and there's manufacturing. Employment also sort of jumped back above 50. So it's, so basically now it's an expansionary territory, which I think was good. Some of the other components improved, but definitely some slowing there.

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