USDThe Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement.Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt.The US Core PCE last week came in line with forecasts with the disinflationary progress continuing steady. The labour market continues to show weakness as Continuing Claims are now rising at a fast pace with the last NFP report missing across the board and this week’s Job Openings and ADP coming below forecasts.The ISM Manufacturing PMI last week missed expectations falling further into contraction, while the ISM Services PMI this week beat forec
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