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🇺🇸 ISM prices paid hit a four-year high as markets price June's hold but not its signal
The day in view

🇺🇸 ISM prices paid hit a four-year high as markets price June's hold but not its signal

Macro Soup Newsroom Macro Soup Newsroom 3 min read

ISM manufacturing prices paid hit 85.3 in May, the highest since early 2022, completing a three-month, 7-point acceleration. Markets have June 17 resolved. The dot plot and dissent vote under Kevin Warsh may read it differently.

Jerome Powell in a dark suit walking in a formal room with American flags and blue curtains.
Jerome Powell accepted the 2026 JFK Profile in Courage Award on Sunday, using the speech to defend Federal Reserve independence from political pressure. Source

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