- Analytics
- News and Tools
- Market News
- US ISM Chief Fiore sees clear price stability trend – MNI
US ISM Chief Fiore sees clear price stability trend – MNI
Institute for Supply Management (ISM) Chair Timothy Fiore said in an MNI interview on Thursday that "there's clearly a trend towards getting to price stability. We're leveling off through the end of the year.”
Key quotes
"We're not out of equilibrium if prices dropped down to 45 and up."
US manufacturing will see steady growth through the end of the year and added the sub-indexes are "changing for the good."
"As lead times were pushed out, buyers had to jump into the market and now they're trying to make sure that as they close the year they don't get stuck with excess inventory."
"That could mean prices will drop at some point but I don't think it's in the next two to three months."
"Employment gains in August should translate into stronger expansion in production growth in September.”
"We made gains simply because the quits rate slowed down because some are getting a little concerned about the economy.”
“The ratio of hiring to firing has also been stable for several months.”
Related reads
- US: ISM Manufacturing PMI unchanged at 52.8 in August vs. 52 expected
- US Dollar Index retreats from cycle highs near 110.00 ahead of Payrolls
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
