2:01 PM · 4 June 2024

BREAKING: JOLTS and US orders weaker than expected. US500 loses

Today US macro data:

JOLTS report: 8.05 mln vs 8.35 mln exp. and 8.48 mln previously

US Durable goods orders: 0.6% vs 0.7% exp. and 0.7% previously

US Factory orders: 0.7% vs 0.5% exp and 1.5% previously

Data shows that US job market is slowing, but swap market price in faster pace of 2024 Fed rate cuts after weaker JOLTS. On the other hand, durable goods orders were only slightly weaker than expected.

Source: xStation5

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