"Soft" survey data from ISM appears to have trumped "hard" data from construction spending and factory orders, juicing expectations for a rate-hike in November to around 30% - the highest since The Fed began its so-called normalization cycle. The USD Index and bond yields are jumping on the news, stocks are unclear, and silver and gold are slipping further.
Remember - The Fed keeps telling everyone that November is Live!!
Which has spiked the USD Index (2nd row), and sent Treasury yields higher (2s30s steeper) as stocks tread water...
(Click on image to enlarge)
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