Alert ISM Services PMI Sept 2008 49.4 June 2024: 48.8
*Economists have been lecturing, that ISM manufacturing is less relevant, it's all about services. Bloomberg data.
...this is why commodities including Gold rose as DXY dipped, the Fed pivot prospect.
...But the market focuses on the good news -which is rate cut is ahead but avoids focus on why the rate cut is likely to coincide with when the US starts to sink into a recession.
