Tag Archives: United States
US services industry grew moderately as inflation eases.
US services industry slowed down in March, with services pricing drop to four-year low, in-line with Fed’s outlook. According to Institute for Supply Management (ISM), Non-Manufacturing PMI for last month fell from 52.6 to 51.4. The index marks second monthly decline since its rebound in January. (ISM Non-Manufacturing PMI) Although the index remains above 50, […]
Timing the Federal Reserve’s Next Interest Rate Cut in 2024
The Federal Reserve, being a central bank with a dual mandate, is significantly tasked with ensuring equilibrium between inflation and employment market scenarios. Each consumer gets impacted by price fluctuations of goods and services, whether they are buying everyday commodities like milk and eggs or renting houses that are elastic to interest rates. In the […]
