🚨 TODAY: US manufacturing just sent markets two very different messages.
🇺🇸 The ISM Manufacturing PMI surged to 55.6, crushing expectations of 53.9 and rising from 53.3.
That's a strong signal that factory activity remains far more resilient than Wall Street expected.
But the story doesn't end there.
The S&P Global Manufacturing PMI held at 53.9, showing the sector is still expanding, yet momentum is clearly fading.
Output and new orders softened.
Exports remained weak.
Supply chain pressures persisted.
Business confidence slipped to a nine-month low.
The takeaway?
Manufacturing is still growing, but the pace of that growth is becoming increasingly uneven.
That's exactly the kind of mixed macro backdrop that could shape expectations for the Federal Reserve, the US dollar, stocks, and crypto in the months ahead.
#Economy #FederalReserve #Stocks #Crypto #Markets