Federal Reserve Chair Janet Yellen could cement the case for a U.S. interest rate hike ahead of the Fed's Dec. 15-16 policy meeting, with public appearances over the next two days at a high-profile economics group and before a joint committee of Congress.
Private sector employment increased by 217,000 jobs from October to November according to the November ADP National Employment Report.
That the Institute of Supply Management’s Purchasing Managers Index(ISM PMI) has many forecasting the end of the current economic cycle is near is an understatement. Best advice is to simply ignore the PMI! Ignore all PMI based reports including the often touted global PMIs.
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