• Prior was +20.6
• New orders +2.0 vs +17.3 prior
• Prices paid +63.1 vs +58.6 prior
• Employment +10.6 vs +9.3 prior
• Six monthis index +29.0 vs +32.1 prior

This report isn’t a big market mover but it lands on the morning of the first day of the Fed meeting so it will be notable, particularly for the doves. There has been so much of this back-and-forth with economic data that it’s easy to imagine either side digging in. The market is now 91% priced for a rate hike so it would be an incredible surprise if they went the other way but holdout doves just got a bit of ammunition.

This article was written by Adam Button at investinglive.com.