Regional New York Fed index came in -20 vs -7 exp.and -2.40 previously signalling unexpected cooling off in economy
- US export prices rose MoM by 0.8% vs 0.4% exp. and 0.8% previously
- US import prices rose MoM by 0.3% in line with expectations vs 0.8% previously
USD didn't react to weaker than expected data from US economy. NY Fed is regional index and its reading may be seasonally hited by different factors.
Source: xStation5
Daily summary: Trump remarks helps Wall Street 📈Precious metals decline
Fed's Musalem remarks on the US economy and tariffs🗽
The AI Fever: Bubble or Will It Keep Rising?
BREAKING: Final inflation reading matches expectations. Core HICP inflation marginally higher