Archive for March 3rd, 2017

Deeper Analysis

Non-Manufacturing PMIs: U.S. and Ezone Both Improve

March 3, 2017

The non-manufacturing U.S. PMI rose 1.1 points to a 16-month high of 57.6, and Euroland’s services purchasing managers index 1.8 points to a 69-month high of 55.5. The sum of these spreads and the manufacturing PMI differential rose 0.8 points to 4.4, giving the U.S. its widest combined advantage since the middle of 2015. PMIs […] More

New Overnight Developments Abroad - Daily Update

Ahead of the Yellen Speech

March 3, 2017

A slew of Fed officials have put a March interest rate hike firmly in play. Later today, both Vice Chair Fisher and Chair Yellen speak. There have been times before when the rest of the FOMC rhetorically seemed ahead of Yellen in itching to raise rates, but that seems unlikely in this instance. In fact, […] More