Wages Moving Up 'Is Quite Welcome'
Higher Wage Growth Does Not Raise Concerns About Inflation
Consumer Spending Has Been Strong Right Through December
ISM Report Came In Well Below Expectations
ISM Survey Had Been At Historically High Levels
ISM Now At Level Consistent With Ongoing Moderate Growth
Fact That ISM Survey Moved Down So Much In One Month Worth Keeping Eye On
US Data Seem To Be On Track To Sustain Good Momentum Into New Year
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