Australia’s private sector showed modest improvement in June, with the S&P Global PMI Composite rising from 50.5 to 51.2. PMI Services climbed from 50.6 to 51.3, while PMI manufacturing held steady at 51.0. According to S&P Global’s Jingyi Pan, forward-looking indicators present a mixed picture. While output expectations remain positive, divergences between sectors were notable. […]
The post Australia PMIs improve modestly, support case for further RBA cuts appeared first on Action Forex.
If you own an index fund in your 401(k), the composition of your account could change in the coming months without any action on your part. SpaceX filed confidentially for what could become the largest Read more…
Federal Reserve left its policy rate unchanged at 3.50–3.75%, in line with expectations, but the decision revealed a widening divide within the Committee. Governor Stephen Miran again dissented in favor of a 25bps cut, while Read more…
Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, on average, and the unemployment rate has been little changed in recent months. Inflation is elevated, in Read more…