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
