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Austan Goolsbee expresses concern about preemptive rate cuts before the upcoming Fed meeting

Chicago Fed President Austan Goolsbee cautions against aggressive rate cuts, highlighting persistent inflation and weak hiring. Market uncertainty looms ahead of the December Fed meeting, urging traders to prepare for volatility. – vtmarketsmy.com

In October, the US manufacturing sector’s PMI fell to 48.7, which was below expectations.

US manufacturing activity declined in October, with the ISM PMI dropping to 48.7. Despite this, a reduction in input inflation signals a potential dovish stance from the Fed, impacting markets positively. – vtmarketsmy.com

ISM manufacturing PMI for the United States falls short of predictions at 48.7

US manufacturing shows contraction with an ISM PMI of 48.7, while the Federal Reserve holds interest rates steady. Market volatility rises, presenting unique trading opportunities amid economic uncertainty. – vtmarketsmy.com

ISM manufacturing prices paid in the United States drop to 58, falling short of the 61.7 forecast

US manufacturing prices fell below expectations, hinting at easing inflation. As the dollar’s strength wavers, traders are eyeing potential rate cuts, shifting strategies in currency and bond markets amid subdued volatility. – vtmarketsmy.com

The ISM Manufacturing Employment Index in the United States increased from 45.3 to 46

The ISM Manufacturing Index shows slight employment improvement, but the manufacturing sector remains weak. Meanwhile, a strengthening US Dollar pressures EUR/USD and crypto markets, signaling potential trading strategies ahead. – vtmarketsmy.com

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