THIS STRENGTHENS THE PMI BEAT BECAUSE GROWTH IS REACHING WORKERS, NOT ONLY ORDERS AND PRODUCTION. FIRMER HIRING SUPPORTS WAGES AND SPENDING,
THIS STRENGTHENS THE PMI BEAT BECAUSE GROWTH IS REACHING WORKERS, NOT ONLY ORDERS AND PRODUCTION. FIRMER HIRING SUPPORTS WAGES AND SPENDING, BUT GIVES THE FED LESS REASON TO CUT RATES.