Macro23d ago
Global PMIs Point to Resilient Growth, Bolstering Soft-Landing Hopes
Composite activity gauges across major economies held in expansion, easing fears of an imminent downturn even as price pressures linger.
Marcus Webb·1 min read
Composite activity gauges across major economies held in expansion, easing fears of an imminent downturn even as price pressures linger.
The closely watched 2s10s spread narrowed its inversion as long-dated yields rose on supply concerns and sticky inflation prints.
The Federal Reserve kept interest rates unchanged at its latest meeting but signaled growing confidence that inflation is moving sustainably toward 2%, opening the door for rate cuts.
Inflation readings across major economies are trending lower, with the ECB, Bank of England, and Bank of Canada all signaling potential rate cuts in the coming months.