The markets were moderate after the services of the ISM PMI revives inflation and the growth of dollar concerns of dollar yields to post-RFP lows, gold supports the high prices of Trump flags on
US economic concerns rise
New doubts about the strength of the US economy have managed to relax, the days that followed the poor, while renewed tariff fears also maintain the appetite for failure risks. The continuation of the series of data on the United States Soft Tuesday, going to 50.1 in July and the clearly missing forecasts of 51.5.
With the growing service sector barely last month and the job market cooling faster than initially expected, the idea that President Trump’s prices will not be damaging to the American economy.
However, slowdown is not the worst part of the data, as in normal circumstances, the Fed should intervene and stimulate the economy by cutting. The component has reached the highest since October 2022, while the drop further below 50.0, corroborating the image of the price increases and a weakening of the labor market observed in the inflation and figures for last week.
Dollar Wallows near the stockings, treasury auctions
Stagflationary conditions make it more difficult for the Fed Fed in the middle of the actual threat of inflation that extends again. Expectations for September fell to around 86% after reaching almost 95% at the rear of the NFP report on Friday.
However, the US dollar is in trouble today, with its index against a basket of currencies hovering nearly a week, even though the treasury yields become higher after yesterday’s auction for three -year tickets that experienced a sweet demand.
There is a risk that yields can increase further in the event of today’s auction and that the auctions of tomorrow also suffer from lower demand.
Pricing and nourished uncertainties increase again
Trump’s latest pricing and speculation on the dollar headache are Trump’s latest price threats to whom the president will appoint to replace the outgoing Fed governor Adriana Kugler. Addressing CNBC on Tuesday, Trump confirmed that sectoral prices …
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