“Time To Hike Rates?” The Last 2 Times ISM Manufacturing Was Here, The Fed Unleashed QE1 & QE3
by Tyler Durden
ZeroHedge.com
12/01/2015
While it is hoped that the economy can continue to expand on the back of the “service” sector alone, history suggests that “manufacturing” continues to play a much more important dynamic that it is given credit for… and that is a major problem as ISM Manufacturing just fell below 50 for the first time since Nov 2012, crashing to 48.6 – the weakest since June 2009. Across the components, new orders collapsed (worst since Aug 2012), and prices paid crashed. Seems like a perfect time to raise rates!!
The Rest…HERE