đŽ HIGH IMPACT â Wednesday August 6
ISM Services PMI (July)
đ 10:00 AM ET · Forecast: ~52 · Prev: 53.7
Services sector is the biggest driver of US GDP. A reading above 50 signals expansion. Below 50 signals contraction. With GDP already slowing â a drop here confirms the economic slowdown is spreading. Bad for the Fed's "economy is resilient" argument. đ
#ISM #dyor
ISM Services PMI (July)
đ 10:00 AM ET · Forecast: ~52 · Prev: 53.7
Services sector is the biggest driver of US GDP. A reading above 50 signals expansion. Below 50 signals contraction. With GDP already slowing â a drop here confirms the economic slowdown is spreading. Bad for the Fed's "economy is resilient" argument. đ
#ISM #dyor