Business activity measures remained weak in June, while the inflation gauges are steadily heading in the right direction. Key results (seasonally adjusted): General business confidence: -35.4 (Previous: -24.9) Trading activity, past three months: -27.8 (Previous: -24.2) Trading activity, next three months: -10.4 (Previous: -12.3) % reporting a rise in operating costs over the past 3 […]
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Bets on a rate cut by Fed at the September meeting surged overnight, driven by unexpectedly poor ISM services data. This shift in sentiment also propelled S&P 500 and NASDAQ to new record highs while Read more…
Minutes from June FOMC meeting highlight continued concerns about the slow progress in reducing inflation this year. Participants emphasized that it would not be appropriate to lower interest rates until there is “greater confidence” that Read more…
June 11–12, 2024 A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, June Read more…