Is U.S. Manufacturing Stabilizing?

The video discusses the ISM data, highlighting improvements in new orders and employment, despite ongoing contraction. It examines the weak export data and its impact on the economy, considering the Fed's upcoming decisions. The video also contrasts ISM data with market PMI, noting market stability and the fading of recession calls. Finally, it previews upcoming economic data, including jobless claims and nonfarm payrolls, which could influence Fed rate decisions.

What key economic indicators are being monitored for signs of labor market strength?

What implications do wage gains have for the Federal Reserve's future rate decisions?