Dallas Fed manufacturing index +10.2 vs +1.5 expected

The Texas-area manufacturing index from the Dallas Fed
– Prior was -1.5
– Manufacturing output +8.8 vs +6.7 prior
– New orders -1.4 vs -3.5 prior
– Prices paid +8.0 vs +1.2 prior
That might make Dallas Fed Governor Kaplan a tad more hawkish but it’s not going to move the market.