🚨 Pressure on US Economic Growth: Market Faces Not Very Optimistic News 🚨
📉 In the week ending July 27, unemployment claims skyrocketed to 249K, far exceeding Dow Jones' forecast of 235K. This raises concerns about the health of the labor market.
🏭 In addition, the ISM manufacturing index dropped to 46.8, showing a decline in order activity at factories nationwide - a not very positive signal for the economy.
💡 In this context, rumors that the FED plans to cut interest rates in September are receiving special attention from the market. However, the fact that central banks such as Canada, the UK and the ECB have started to cut interest rates has made many people worry that the FED's decision may come too late.
👀 Looking at the developments on the trading floor through the attached photo, it is clear to see the stress and anxiety of investors when faced with not-so-optimistic news from the market.
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