US ISM Manufacturing PMI due Wednesday - range of estimates (Also ADP employment) ...Middle East

Taking a back seat to the Federal Open Market Committee (FOMC) statement and Powell's presser but the Institute for Supply Management (ISM) Manufacturing Index, often simply referred to as the ISM Manufacturing PMI (Purchasing Managers' Index), is a closely watched indicator for economic activity in the U.S. The index is based on surveys of purchasing and supply executives nationwide. Respondents are asked about various factors, including new orders, production, employment, supplier deliveries, inventory levels, customer inventories, prices, backlog of orders, new export orders, and imports. A reading above 50 indicates that the manufacturing economy is generally expanding, while a reading b

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