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🇺🇸 ISM Manufacturing PMI is out:
✦ PMI: 48.7 (vs. 49.0 expected, 49.1 prior)
✦ Production: 48.2 (contracting again)
✦ Prices: 58.0 (rising at a slower pace)
The pace of manufacturing contraction worsened slightly.
What are your thoughts?
We’ll unpack the highlights today.

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