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Breaking Posted 4 hours ago

Richmond Fed Composite Index Falls to 4, Missing Forecast of 8

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The Richmond Federal Reserve Composite Index dropped to 4 in June, significantly below the forecast of 8 and down sharply from May's 13, signaling weaker regional manufacturing and service activity. This deterioration in Mid-Atlantic economic momentum suggests slowing growth and may influence Fed rate-cut expectations, pressuring USD against major pairs.
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@asuquokelvin · 1 hour ago

Richmond Fed tanked. Growth slowing. Rate-cut bets up. USD looks weak

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