Following ISM Manufacturing PMI Preview: NFP Hint? Inflation component to steal the show, rock the dollarANALYSIS | 5/31/2021 11:46:01 AM GMT May's ISM Manufacturing PMI is set to hold onto high ground and serve as a signal toward the jobs report. After 13 upside surprises, the inflation component may steal the show. An energetic post-long-week mood could add to volatility. Has the bitterly disappointing jobs report been a one-off or a reason to worry? In normal times, that would be the most significant question on investors' minds, and the headline ISM Manufacturing Purchasing Managers' Index would serve as the first hint. This time is different.