World Economy Continuing on Bull Run
Returning to CNBC Asia, Frank Holmes shares his thoughts on Trump's tax reform, global purchasing managers indices (PMI), and rising interest rates with host Bernie Lo.
Returning to CNBC Asia, Frank Holmes shares his thoughts on Trump’s tax reform, global purchasing managers indices (PMI), and rising interest rates with host Bernie Lo. Frank outlines the reasons that, in light of recent trends, he remains “very constructively bullish in the world.” Watch the replay here!
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The Purchasing Manager’s Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.
The "core" PCE price index is defined as personal consumption expenditures (PCE) prices excluding food and energy prices.