2 August 2024
The ISM Manufacturing Index for July came in at 46.8, below the forecast of 48.2; an 8-month low and plunging into contraction territory. These two reports added to concerns about an economic slowdown even as the Federal Reserve is expected to cut interest rates next month.
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1 August 2024
At his press conference, Fed Chairman Jerome Powell said policymakers discussed the reasons for the rate cut, but a large majority agreed that now is not the right time; and the market assessed these central bank officials as more prepared for a rate cut in September.
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31 July 2024
On Tuesday, JOLTS JOB OPENINGS kicked off this week's US labor data series, unexpectedly showing there were 8.18 million job openings created in the US in June, down from 8.23 million in May, although still above economists' forecasts of 8 million.
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30 July 2024
This beginning of the week will be filled by financial reports and three meetings of the world's central banks, which could possibly make the United States and the United Kingdom open the door to interest rate cuts.
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29 July 2024
The US Federal Reserve's favorite inflation benchmark, the PCE PRICE INDEX data, rose 0.2% on a monthly basis in June and 2.6% on an annual basis, roughly in-line with expectations.
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