ING expect first Fed rate cut in Sep after this week's data

[forex4you]

ING expect first Fed rate cut in Sep after this week's data

• Jump in claims is highest since August last year, indicating a cooling labor market and presenting an upside risk to the Fed's forecast of maintaining unemployment at 4%.

• Soft PPI figures increase likelihood of a second consecutive 0.2% or lower MM rise for PCE.

• Combination of rising claims and soft PPI reinforces argument for cuts to start in September

                This article was written by Arno V Venter at www.forexlive.com.

Source: ING expect first Fed rate cut in Sep after this week's data

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