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High points for US economic data scheduled for July 29 week
Focus in the July 29 week will be narrowly fixed on two times: 14:00 ET on Wednesday when the FOMC releases its July 30-31 meeting statement and 8:30 ET on Friday when the July employment numbers are published. Markets are anticipating that the FOMC statement will set the stage for a rate cut in the near future, presumably the September 17-18 meeting. There’s some potential that a few FOMC participants will feel no need to wait for further economic data, but probably not with enough sense of urgency to dissent in the vote. The meeting statement will acknowledge the solid GDP growth of the second quarter, that the ... (full story)
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- Posted: Jul 26, 2024 4:48pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,351
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