Purchasing Managers Indices News Today : Breaking News, Live Updates & Top Stories | Vimarsana

As 2024 has progressed, economic data--especially inflation data--have made it increasingly clear that rates will not be coming down nearly as soon as the Fed (and the market) expected. Rates are driven by multiple factors.  At present, inflation is chief among those, followed by the economy.  In general, higher inflation and economic strength coincide with higher rates.   Inflation and economic data evolved in such a way as to offer some light at the end of the high rate tunnel at the end of 2023.  Ev...

We expect global growth to be around 2.5% in 2024, below the long-run average of 3% and lower than the IMF’s forecast.

EURUSD was essentially unchanged during the Asian and early European trading sessions. Today, two important events may affect the currency. Germany will release its Ifo Business Climate report at 9:00 a.m. UTC. Then, the S&P will publish U.S. PMIs at 2:45 p.m. UTC. Both reports will shed more light on how businesses in the two countries consider their current and future economic conditions. S&P PMIs should add extra volatility to the market. EURUSD may rise above 1.09400 if U.S. PMIs come out lower than expected.

The flash PMI survey for August shows that the service sector-led acceleration of growth in the advanced Western economies has faded 

Moneycontrol Pro Panorama August 24 edition: BRICS to lay ground work for G20 meet, a slight uptick in private sector capex, SC handbook to end court stereotyping women laudable, delisting an opportunity to register gains, and more