US Private Sector Activity Exceeds Estimates, Fed Likely to Maintain High-For-Longer Rate Stance
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#5e43e797 ver:0.4

US private sector activity exceeded estimates in June, with the Composite PMI rising to 54.6, the highest level since April 2022. The Services PMI also rose to 55.1, marking the strongest expansion in two years. However, private payrolls growth slowed, raising concerns about the labor market. The Federal Reserve is expected to maintain high interest rates. The rebound in the services sector is positive, but the mixed economic picture requires monitoring for impact on growth and monetary policy decisions. The US economy shows signs of improvement, but growth momentum remains weak. #USPrivateSector #EconomicGrowth #FederalReserve...

#newstr #UsPrivateSectorActivity #EconomicGrowth #Inflation #InterestRates #FederalReserve #BusinessActivity #JobCreation #UsPmiManufacturing #Manufacturing #Economy #Business #S&pGlobalMarketIntelligence 

 https://here.news/story/5e43e797?ver=0.4