The Globe and Mail reports in its Monday, June 1, edition that on Friday we'll get a data dump out of the United States that will include a read on the manufacturing and services sector. The Globe's guest columnist Amber Kanwar writes that investors need also pay attention to the inflation components of the manufacturing and services data released by the ISM, also to be released on Friday. Both readings were at the highest level since 2022 as the war in Iran drives up prices and roils global supply chains. Meanwhile, economists are expecting a slowdown in hiring in the U.S. with 65,000 jobs created compared with the 115,000 jobs created in March. "For the [Federal Open Market Committee], another decent month of job gains, nothing bad happening, and decent internals, reinforces the resilience theme," wrote Jonathan Pringle of UBS. "That in turn should fuel the hawkish narrative and embolden the hawks among the FOMC participants to make their case that the risks that need to be addressed are the upside risks to inflation rather than worry about downside risks to the labour market."