Putting it another way, service businesses are seeing stronger demand and higher costs, but that strength is not translating into an increase in staffing. For the Fed, the combination of solid growth and persistent inflation gives policymakers a reason to remain cautious, while the employment component remains a softer spot in an otherwise stronger report.
Putting it another way, service businesses are seeing stronger demand and higher costs, but that strength is not translating into an increase in staffing.
The 10 year is down for basis points at 4.754% What does the ISM Non-manufacturing data show?
For the Fed, the combination of solid growth and persistent inflation gives policymakers a reason to remain cautious, while the employment component remains a softer spot in an otherwise stronger report.
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Putting it another way, service businesses are seeing stronger demand and higher costs, but that strength is not translating into an increase in staffing. For the Fed, the combination of solid growth and persistent inflation gives policymakers a reason to remain cautious, while the employment component remains a softer spot in an otherwise stronger report. US yields have moved a little bit higher with the two-year now down -520 basis points at 4.327%.
The different names generally refer to the same headline indicator.
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