US ISM Services Report: Economic Data Dominance in 2024

Tuesday, 5 March 2024, 13:24
The theme of 2024 remains the dominance of economic data in shaping market trends and Fed expectations. Recent soft data releases have influenced the US dollar and Treasury yields. The upcoming release of the ISM services report is expected to impact market sentiment, especially if it falls below expectations. Powell's testimony and regulatory topics on the Fed calendar add further anticipation to market movements.
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US ISM Services Report: Economic Data Dominance in 2024

Economic Data Dominance in 2024

The theme so far in 2024 has been the dominance of economic data. Each release re-calibrates Fed expectations and market pricing strategies.

Market Impact:

  • US ISM Services Report: The upcoming release of the ISM services report is anticipated to influence market sentiment.
  • Powell's Testimony: Powell's two-day testimony adds to market uncertainty and expectations.

For more insights on recent economic trends, visit the economic calendar.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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