Explore Economic Trends and Challenges in These New Reports

Key Points

1. The finalized U.S. Manufacturing PMI in July was lower than expected at 48, down from 49 in June, with declines noted in the New Orders Index and Prices Index.

2. The Non-Farm Payroll (NFP) data showed a modest monthly employment increase of 73,000, with a surprising downward revision to the previous month's figures.

3. Comments from the Fed suggest underlying labor market strength remains robust, though expectations for a rate cut this year persist, pending further data.

4. Economic indicators such as PMI reports and employment data are now being closely monitored by cryptocurrency investors, reflecting a shift in their focus towards macroeconomic trends.