Fed's Evans vis Ransquawk

  • see's it is an important data point and doesn't think the market has necessarily over reacted
  • is 'open minded' about the next Fed rate meeting
  • ISM is only one number
  • rate cuts are risk management
  • concerned about inflation outlook

The ISM is only one data point which is why the next data releases are going to be in extra focus today - will do a piece on that and publish it next...(subject to important breaking headlines)