- Prior report said ‘modest-to-moderate’ pace
- Reporting period was early April to late May
- Hiring steady or increasing slightly
- Wage and inflation pressures were modest
- Manufacturing grew in most districts
- Real estate conditions improved
- Only 1 district (Philly) said the pace of expansion had “slowed slightly” in the period
- Full text
No reason to sell the buck here. Gold traders might have sniffed this one out after all.