Fed to emphasize disinflation has been evolving slower than expected – TDS – by eren_fxstreet Fed CentralBanks UnitedStates Macroeconomics Banks
US payrolls likely slowed for a third consecutive month
"US payrolls likely slowed for a third consecutive month to a still firm pace in April, though the slowest since 2020. We also look for the UE rate to rise to 3.6%, and wage growth to print 0.3% m/m."manufacturing and services indexes in April following their twin declines in March to 46.3 and 51.2, respectively. We look for the ISM manufacturing index to advance modestly to a less dire level at 47.5. The services index likely rose as well but to 52.
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