Hot off the press: The U.S. S\&P Global Services PMI for May came in at a red-hot **53.7**, blowing past the forecast of 52.3! 🔥
But that’s not all — the Composite PMI also surged to **53**, easily topping the 52.1 estimate. This signals continued strength in the U.S. economy’s service sector. 💼📈
Here’s the breakdown:
• Services PMI: 53.7 (expected 52.3, previous 52.3)
• Composite PMI: 53.0 (expected 52.1, previous 52.1)
What’s the reaction?
Despite this bullish data, gold, silver, and the U.S. Dollar Index (DXY) held steady with minimal short-term moves. Traders may be waiting for more signals from the Fed or jobs data before making their next big play. 🧐📊
Why it matters:
This strong PMI print adds fuel to the narrative that the U.S. economy is still running hot — and that could impact interest rate expectations. Eyes now turn to upcoming inflation reports and Fed commentary. 🏦🔥
Stay tuned — things could heat up fast.
#BinanceAlphaAlert #TrumpTariffs #SaylorBTCPurchase #TrumpMediaBitcoinTreasury #MyCOSTrade
