Beyond the stats, ECB member commentary also requires consideration. Views on inflation, the economic outlook, and the timing of rate cuts will impact demand for the EUR. The Pound On…
Tag: trading the news
Private Sector Job Growth Slows, ADP Report Shows
Regional Employment Trends Regionally, the South led job creation with 55,000 new positions, followed by the West with 32,000, the Northeast with 21,000, and the Midwest with 17,000 jobs. Within…
ISM Manufacturing PMI Drops To 46.8, Missing Analyst Expectations
The Institute for Supply Management commented: “Demand remains subdued, as companies show an unwillingness to invest in capital and inventory due to current federal monetary policy and other conditions.” Today,…
US Labor Market Cools: July Jobs Report Misses Expectations
Unemployment Rate Hits Multi-Year High The unemployment rate edged higher to 4.3%, reaching its highest level since October 2021. This increase brought the total number of unemployed individuals to 7.2…