All articles tagged with #ism manufacturing
U.S. Treasury yields climbed after the ISM manufacturing index beat expectations, signaling stronger factory activity as investors weigh President Trump’s nomination of Kevin Warsh for Fed chair and monitor a delayed January jobs report amid changing rate-cut expectations.
The US March ISM manufacturing data came in at 50.3, surpassing the expected 48.4, with notable improvements in prices paid, employment, new orders, inventories, and production. The report reflects strong demand and a robust order pipeline, with some sectors anticipating growth in the second quarter despite supply chain challenges. The dollar strengthened in response to the positive report, and US 10-year yields also rose, indicating market optimism.