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US ISM Manufacturing PMI: 54.6 đ
Expected: 55.2 | Last: 55.6
Still above 50 = Expansion continues
5 Month Trend:
Apr 52.7 â May 54.0 â Jun 53.3 â Jul 55.6 â Aug 54.6
Core takeaway:
Not a contraction. Just a cooling of momentum within expansion.
What this means for markets:
1. Fed at 3.75% - This data weakens the case for MORE hikes
2. But PMI > 50 - So no reason for rapid rate cuts either
3. Policy path: Fed will now watch
#ISM #PMI #Fed #Macro #BTC #ETH #Crypto #InterestRates #DXY
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