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đ Is Recession Imminent? US Manufacturing Indexes Continue to Narrowly Miss! đ
The monthly survey by the Institute for Supply Management (ISM) revealed a grim picture of the US manufacturing sector, with just 47.2% of purchasing managers reporting an expansion in activity in August. This, while slightly higher than July's 46.8%, was still below the 47.9% forecast and well below the 50% threshold needed to indicate economic expansion.
đ» Such a weak report increases the likelihood that the Federal Reserve will have to cut interest rates this month, a move that could breathe new life into businesses but also raise concerns about an era of prolonged low interest rates.
đ Stay tuned for more updates on the US economic situation and investment strategies in this context!
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