-
US Economic Update: Foundation for Fed cuts almost in place
Benign inflation in May and June firms our expectation the FOMC will cut come September. • A cut at the Fed’s 31 July meeting remains unlikely, but we continue to expect two cuts this year. • Jobs growth remains solid but the unemployment rate has risen; Fed Chair Powell now considers the labour market to be balanced. • We expect Q2 GDP on 25 July of 0.4% q/q, another quarter of only moderate growth. We now expect 2024 year-average growth of 2.2% (was 2.3%). Modest growth outlook The US economy is set to record another quarter of moderate growth in Q2, similar to that seen in Q1, but well down on the robust ... (full story)
- Comments
- Subscribe
-
- Older Stories
From newsbtc.com|Jul 17, 2024Ethereum price remained stable above the $3,400 resistance zone. ETH again tested $3,500 and seems to be struggling to continue higher. Ethereum is holding gains and struggling ...
From ons.gov.uk|Jul 17, 2024|4 commentsThe Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 2.8% in the 12 months to June 2024, the same rate as the 12 months to May 2024. On a monthly ...
From mainichi.jp|Jul 17, 2024The International Monetary Fund said Tuesday its 2024 global growth outlook remains unchanged at 3.2 percent, predicting slower expansion for Japan and the United States that ...
-
- Newer Stories
From qz.com|Jul 17, 2024Craig Wright, an Australian scientist who has long claimed to be the creator of Bitcoin, has now been referred to British prosecutors for allegedly committing perjury. On Tuesday, ...
From @financialjuice|Jul 17, 2024|1 commentpost: FED'S WILLIAMS: THE CURRENT RATE STANCE IS APPROPRIATE TO ACHIEVE GOALS - WSJ. post: FED'S WILLIAMS: MORE DATA WILL HELP PROVIDE CONFIDENCE ON INFLATION - WSJ. post: FED'S WILLIAMS: WE ARE SEEING BROAD-BASED DECLINES IN INFLATION - WSJ. post: FED'S WILLIAMS: THE LABOR MARKET ISN'T WEAK - WSJ.
From dailyforex.com|Jul 17, 2024The bitcoin market initially fell during the trading session on Tuesday. I recognize that the 50-Day EMA is supporting the asset at the moment, and it looks like we could go ...
- Story Stats
- Posted: Jul 17, 2024 3:46am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,424
