Manufacturing ISM Misses Expectations, Rises From December, Prices Paid Surge

As we hinted earlier, and contrary to 100% wrong whisper numbers, the January ISM not only did not land in the 55+ ball park, but missed consensus estimates of 54.5, printing at 54.1, yet up from December's 53.1. However, just like in China, the goalseeked number was neither good nor bad, although leaning toward the weaker side to keep with the Chicago PM's miss. After all the Chairman needs an exit door for more QE.The internals were not very notable with the exception of Prices Paid,

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