Penson Macro: Bật lại của cuộc khảo sát dịch vụ ISM có thể làm dịu lo ngại suy thoái

The rebound of the July ISM service industry survey should ease concerns about a recession in the US economy, according to Ian Shepherdson, Chief Economist at Pantheon Macroeconomics. The overall index rebounded by only 0.2 points lower than the average level in the first half of this year, when GDP growth was still good. Business activity and new order indices also contributed to the economic recovery. At the same time, the price paid index is consistent with the Fed’s key inflation indicator. “A benign inflation outlook means that the Fed can quickly shift its focus to interest rate cuts. Overall, this report is not weak enough to increase pressure for an emergency rate cut this week,” he added.