Fed will pick up the pace, but market pricing looks aggressive
Actualizado
July's friendly jobs report led to market fears of a looming recession and the need for a strong Federal Reserve response. However, the latest ISM services report shows that the situation looks good with the economy growing
The ISM Service Index shows no immediate inferred threat
The ISM U.S. Manufacturing Products Index rose to 51.4 from 48.8, above the consensus of 51.0. New orders jumped to 52.4 from 47.3 while work returned to growth territory at 51.1 from 46.1.
The Fed will cut interest rates faster but the current market price looks very positive
We could see the Fed give in to some of the market demands and make at least one, maybe two 50 basis point moves
Nota
The main information is that the Fed will still cut interest rates in September, but we will monitor whether it is intended to cut by 75 points or 50 points.Nota
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Nota
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Nota
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