Greg Michalowski
Fed's Hammack: Both sides of the Fed's mandate are under pressure
- Is it employment or is it inflation
Fed Schmid (voter/hawk): Risk of inflation are higher relative to job situation
- A majority of the Fed is concerned about inflation
The USD is moving higher after flash PMI and home sales beat expectations
- USD rises after data beat expectations, reducing odds of rate cut. Powell to speak tomorrow. EURUSD targets 1.16098. GBPUSD eyes 100-day MA. USDJPY rebounds on strong data.
US existing home sales for July 4.01M vs expectations of 3.92 M
- US Existing home sales for July 2025
US S&P Global Manufacturing PMI 53.3 versus 49.5 estimate
- S&P global manufacturing and services PMI indices for the month of August 2025
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