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β€16π₯10π9
β’ S&P Global Composite PMI: 55.4 (prev: 55.1)
β’ S&P Global Manufacturing PMI: 53.3 (prev: 49.8)
β’ S&P Global Services PMI: 55.4 (prev: 55.7)
@just
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10π20β€9π₯8
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1β€18π7π₯7
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1π₯22β€13π8
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1π25π₯15β€14
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π14β€10π₯5
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β€20π₯11
β’ Risks now tilt toward jobs, not just inflation
β’ Labor supply is weakening with demand
β’ Fed scraps flexible average inflation targeting
β’ Stable inflation expectations no longer assumed
β’ Signals possible rate cut in September
@just
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2π26π₯16β€4
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6π₯21β€10π4
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π₯16β€8