Forexlive Americas FX news wrap 23 Sep: S&P Global PMI data mixed but with inflation
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S&P Global Services PMI for September 2024 at 55.4, slightly above 55.2 expected; Manufacturing PMI drops to 47.0, below 48.5 expected; Composite PMI at 54.4, down from 54.6; Fed's Kashkari defends 50 bps rate cut, expects year-end rate at 4.4%; Goolsbee suggests many more cuts likely needed; Bostic supports recent rate cut as compromise; US stocks close at record levels; Crude oil settles at $70.37; Gold rises by $6.25; AUD strongest currency, EUR weakest.

#S&pGlobalPmi #FederalReserve #InterestRates #UsEconomy #Geopolitics #StockMarket #Inflation #Currency #CrudeOil #Gold

https://www.tradingview.com/news/forexlive:55d01c700094b:0-forexlive-americas-fx-news-wrap-23-sep-s-p-global-pmi-data-mixed-but-with-inflation/