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LearningMORNING MINUTE JULY 5th

Fed-preferred PCE gauge shows lowest U.S. inflation rate since April 2021, as core rate remains elevatedUS Factory Orders MM * (May) 0.3% vs. Exp. 0.8% (Prev. 0.4%)

Darren Krett

Wednesday 5 July 2023

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US Factory Orders MM * (May) 0.3% vs. Exp. 0.8% (Prev. 0.4%) facebookUS Factory Orders MM * (May) 0.3% vs. Exp. 0.8% (Prev. 0.4%) twitterUS Factory Orders MM * (May) 0.3% vs. Exp. 0.8% (Prev. 0.4%) linkedin

MORNING MINUTE JULY 5th

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morning report

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Good morning everyone. Darren at Leviathan Financial. We’re back from the July 4th holiday. Yay. Anyway, , European stocks and Chinese stocks are softer by about half a percent as very weak PMI numbers came out of there, shown that the economy are looking to contract there. So potentially the beginning of a recessionary period after all these rate heights.
S and p doesn’t seem to care about anything like that, uh, but is a little bit softer as well this morning. So you’ll come in seeing the, , s and p down about 18 points. , hovering just below the, 4,500 mark. So overall though, still a positive tone, but a bit weak today. Today’s focus is going to be the Fed Minutes.
Uh, 2:00 PM Eastern, 1:00 PM Central. Uh, just as a better as to whether or not the Fed are likely to raise rates again at the July meeting, , that will be the focus before everybody else goes on holiday, for their summer vacation. So, , anyway, good luck everyone, as always and have a good day.

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