🚨 THE FED HAS JUST FOUND ANOTHER REASON TO CONTINUE RAISING INTEREST RATES.
The S&P Global Composite PMI has just reached 58.4, its highest level in 5 years.
This shows that the manufacturing sector in the U.S. is strengthening, indicating a solid economy.
At the same time, inflation is at 3.4% and is expected to rise due to higher oil prices.
If the economy is strong and inflation is rising, the Fed has more room to raise rates.
That’s why the odds of another rate hike this year have jumped to 90%, as the market believes the Fed will remain hawkish.$BTC $ETH $SOL
The S&P Global Composite PMI has just reached 58.4, its highest level in 5 years.
This shows that the manufacturing sector in the U.S. is strengthening, indicating a solid economy.
At the same time, inflation is at 3.4% and is expected to rise due to higher oil prices.
If the economy is strong and inflation is rising, the Fed has more room to raise rates.
That’s why the odds of another rate hike this year have jumped to 90%, as the market believes the Fed will remain hawkish.$BTC $ETH $SOL
