Reuters
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Market Insight: 'Fed's intention is to cool the economy' | REUTERS
Posted
July 3, 2024
Views
595
Likes
8
Engagement
1.34%
July 3, 2024
595
8
1.34%
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7:26Now PlayingISM services PMI slumped to a four-year low in June, potentially hinting at a loss of momentum in the economy at the end of the second quarter. Other jobs data also pointed to cooling labor market.
Banrion Capital Management's Chief Investment Strategist Victoria Bills says it is actually the Fed's intention to see cooling economic data before it starts cutting rates.
#News #Business #Markets #Fed #Nvidia #Reuters #Newsfeed
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