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- 1ISM's Miller: US Construction in Contraction for Second Month▼US ISM’S MILLER: HOUSING MARKET FEELING DIRECT IMPACT OF HIGHER INTEREST RATES, CONSTRUCTION IN CONTRACTION FOR 2ND MONTH IN A ROW
Timothy Fiore, chair of the ISM manufacturing business survey committee, is not the source here — the comment comes from ISM economist Susan Miller? Unverified attribution aside, the headline states that the US housing market is feeling the direct impact of higher interest rates, with construction activity in contraction for the second consecutive month. No further details were available beyond the headline claim.
- 2Bitcoin traders eye US ISM Services PMI and Fed remarks●Bitcoin traders watch US ISM Services PMI and F...
Bitcoin traders are focused on the upcoming US ISM Services PMI release and comments from Federal Reserve officials, looking for clues about interest rate policy. Market watchers say macroeconomic data continues to drive crypto price moves, with a weak or strong services reading likely to shift expectations for Fed rate decisions and, in turn, Bitcoin's direction.