We may find out at the next Fed meeting or at the annual August gathering of central bankers and economists in Jackson Hole, Wyoming. The longer Fed Chair Jerome Powell and crew waitpriced in as a certainty
This month’s Philly Fed report confirmed the strength in manufacturing, with new orders, shipments, and employment all turning positive, and the general activity index rising much faster than expected.reports suggest that the weakness detected in the Institute for Supply Management and S&P Global purchasing managers surveys may have been overstated or short-lived.
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