The ISM Manufacturing Index is expected to increase to 55.5 in tomorrow’s update for June—a marginal gain vs. the previous month, based on The Capital Spectator’s median econometric forecast.
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Keeping interest rates for too low for too long risks another financial crisis, warns the Bank for International Settlements (BIS) in its newly published annual report. The concern is that while economic growth is still modest at best, financial markets are “extraordinarily buoyant”, in no small part due to extraordinarily easy monetary policies around the globe. The disconnect, if left unchecked, threatens to foster bubbles that could eventually reverse and create new macro troubles, the BIS says.
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