Fed To Hike, Pause Or Skip?
@ZEROHERO:
Thanks to Tiger for awarding the weekly top predictions for SPY back to back once again. Let’s get ready for the most crucial CPI data report follow by Fed’s decision to hike or pause interest rate next Tuesday and Wednesday respectively 💪 Economic data during the week gave some strength to the Fed pause narrative. The Institute for Supply Management's gauge of U.S. services activity nearly showed a stagnation for May, while factory orders for April rose less than expected. Moreover, initial jobless claims surged to their highest level since October 2021. The data pointed towards signs of cooling in the economy while also suggesting that cracks had begun to show in the highly resilient labor market. The benchmark index closed up 0.6% to 4,294 on Thursday, vaulting it back into bull t