April ISM manufacturing index
- Worst reading since Feb
- Prior was 51.8
- Prices paid 59.0 vs 51.1 in March
- Highest prices paid since Sept 2014
- New orders 55.8 vs 58.3 prior
- Employment 49.2 vs 48.1
- Highest employment reading since November
That's a big jump in prices paid. That's not shocking given the rise in commodities and drop in the US dollar but it's the kind of thing the Fed will notice.