Daily digest market movers: Gold price prints minimal gains in post PMIs
- June’s US S&P Global Manufacturing PMI was 51.6, slightly higher than the previous month but missing the forecast of 51.7.
- ISM Manufacturing PMI for June was 48.5, lower than the estimates of 49.1 and down from May’s 48.7.
- According to the CME FedWatch Tool, odds for a 25-basis-point Fed rate cut in September are at 59.5%, up from 58.2% last Friday.
- The December 2024 fed funds rate futures contract implies that the Fed will ease policy by just 35 basis points (bps) toward the end of the year.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
No comment on record. Start new comment.