The Institute for Supply Management's manufacturing Purchasing Managers' Index (PMI) fell to 48.7 in May from 49.2 in April, falling below analyst...
from 49.2 in April, falling below analyst expectations . Saxo Chief Global Equity Strategist Peter Garnry joins Catalysts to explain what this print could signal for the Federal Reserve 's next interest rate decision.
But this data potentially reigniting hopes that the Fed could cut rates this year, joining us now to discuss we've got Peter Barry.
And that, and also re show manufacturing, maybe to, you know, friendly countries, but maybe even within the US and Europe, and that could push good inflation up. The labour markets are still tighter in the US and Europe than they were prior to the pandemic and wage wage growth.Um, so and I think when you sum it all up, I think you know our equity outlook is still positive, and it's driven by the services sector, which is the dominant part of the economy.
So that's the conundrum that the central banks are facing because inflation is not where they want it to be.I think the rate cuts we will get one from the here on Thursday.I think it's pretty doubtful because the growth is coming back in Europe in the US I think the rate cut will come later this year.
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