Unemployment rate (avg 4.2% in Jun-Jul'24) is 0.57% higher than Nov'23-Jan'24, indicating recession ahead; so does deterioration in ISM mfg new orders. But politics to ensure only a 25bp cut next week
What is covered in the Full Insight:
Overview of Economic Indicators
Non-Farm Payrolls and Unemployment
Core PCE Inflation and Federal Reserve Policy
ISM Manufacturing PMI and Global Trade Impacts
Projections and Upcoming Catalysts
SUMMARY
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