\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

However, if bulls drive Ethereum's price over $3,610 and the daily candlestick closes above this level, which corresponds to the 50% Fibonacci level, the bearish outlook may be disproved. In such a circumstance, the altcoin might approach the year-to-date top and the weekly resistance at $4,020, representing a nearly 14% increase from current prices.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Signals To Hold Above $70K This Week, ETH Remains Withing A Rising Trend Channel Targeting $4K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-signals-to-hold-above-70k-this-week-eth-remains-withing-a-rising-trend-channel-targeting-4k","to_ping":"","pinged":"","post_modified":"2024-03-31 23:28:16","post_modified_gmt":"2024-03-31 12:28:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16152","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15757,"post_author":"14","post_date":"2024-03-08 21:43:03","post_date_gmt":"2024-03-08 10:43:03","post_content":"\n

US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

On the downside, Ethereum's price may return to $3,200 and regain liquidity before continuing its upward trend. This is heavily reliant on Bitcoin price behavior, as the two coins are strongly correlated: if BTC falls below $70K and shows further weakness, ETH may also experience a correction.<\/p>\n\n\n\n

However, if bulls drive Ethereum's price over $3,610 and the daily candlestick closes above this level, which corresponds to the 50% Fibonacci level, the bearish outlook may be disproved. In such a circumstance, the altcoin might approach the year-to-date top and the weekly resistance at $4,020, representing a nearly 14% increase from current prices.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Signals To Hold Above $70K This Week, ETH Remains Withing A Rising Trend Channel Targeting $4K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-signals-to-hold-above-70k-this-week-eth-remains-withing-a-rising-trend-channel-targeting-4k","to_ping":"","pinged":"","post_modified":"2024-03-31 23:28:16","post_modified_gmt":"2024-03-31 12:28:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16152","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15757,"post_author":"14","post_date":"2024-03-08 21:43:03","post_date_gmt":"2024-03-08 10:43:03","post_content":"\n

US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The Ethereum price is now drifting just below $3,700 as the cryptocurrency world awaits the SEC's verdict on whether ETH is a security. However, the price holding above the current resistance at $3,610 indicates it still holds the bullish momentum.<\/p>\n\n\n\n

On the downside, Ethereum's price may return to $3,200 and regain liquidity before continuing its upward trend. This is heavily reliant on Bitcoin price behavior, as the two coins are strongly correlated: if BTC falls below $70K and shows further weakness, ETH may also experience a correction.<\/p>\n\n\n\n

However, if bulls drive Ethereum's price over $3,610 and the daily candlestick closes above this level, which corresponds to the 50% Fibonacci level, the bearish outlook may be disproved. In such a circumstance, the altcoin might approach the year-to-date top and the weekly resistance at $4,020, representing a nearly 14% increase from current prices.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Signals To Hold Above $70K This Week, ETH Remains Withing A Rising Trend Channel Targeting $4K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-signals-to-hold-above-70k-this-week-eth-remains-withing-a-rising-trend-channel-targeting-4k","to_ping":"","pinged":"","post_modified":"2024-03-31 23:28:16","post_modified_gmt":"2024-03-31 12:28:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16152","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15757,"post_author":"14","post_date":"2024-03-08 21:43:03","post_date_gmt":"2024-03-08 10:43:03","post_content":"\n

US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"\"
ETH\/USD<\/a> has every possibility to retest the $4K level as long as the price survives above $3.6K. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

The Ethereum price is now drifting just below $3,700 as the cryptocurrency world awaits the SEC's verdict on whether ETH is a security. However, the price holding above the current resistance at $3,610 indicates it still holds the bullish momentum.<\/p>\n\n\n\n

On the downside, Ethereum's price may return to $3,200 and regain liquidity before continuing its upward trend. This is heavily reliant on Bitcoin price behavior, as the two coins are strongly correlated: if BTC falls below $70K and shows further weakness, ETH may also experience a correction.<\/p>\n\n\n\n

However, if bulls drive Ethereum's price over $3,610 and the daily candlestick closes above this level, which corresponds to the 50% Fibonacci level, the bearish outlook may be disproved. In such a circumstance, the altcoin might approach the year-to-date top and the weekly resistance at $4,020, representing a nearly 14% increase from current prices.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Signals To Hold Above $70K This Week, ETH Remains Withing A Rising Trend Channel Targeting $4K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-signals-to-hold-above-70k-this-week-eth-remains-withing-a-rising-trend-channel-targeting-4k","to_ping":"","pinged":"","post_modified":"2024-03-31 23:28:16","post_modified_gmt":"2024-03-31 12:28:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16152","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15757,"post_author":"14","post_date":"2024-03-08 21:43:03","post_date_gmt":"2024-03-08 10:43:03","post_content":"\n

US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

<\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
\"\"
ETH\/USD<\/a> has every possibility to retest the $4K level as long as the price survives above $3.6K. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

The Ethereum price is now drifting just below $3,700 as the cryptocurrency world awaits the SEC's verdict on whether ETH is a security. However, the price holding above the current resistance at $3,610 indicates it still holds the bullish momentum.<\/p>\n\n\n\n

On the downside, Ethereum's price may return to $3,200 and regain liquidity before continuing its upward trend. This is heavily reliant on Bitcoin price behavior, as the two coins are strongly correlated: if BTC falls below $70K and shows further weakness, ETH may also experience a correction.<\/p>\n\n\n\n

However, if bulls drive Ethereum's price over $3,610 and the daily candlestick closes above this level, which corresponds to the 50% Fibonacci level, the bearish outlook may be disproved. In such a circumstance, the altcoin might approach the year-to-date top and the weekly resistance at $4,020, representing a nearly 14% increase from current prices.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Signals To Hold Above $70K This Week, ETH Remains Withing A Rising Trend Channel Targeting $4K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-signals-to-hold-above-70k-this-week-eth-remains-withing-a-rising-trend-channel-targeting-4k","to_ping":"","pinged":"","post_modified":"2024-03-31 23:28:16","post_modified_gmt":"2024-03-31 12:28:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16152","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15757,"post_author":"14","post_date":"2024-03-08 21:43:03","post_date_gmt":"2024-03-08 10:43:03","post_content":"\n

US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

\"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
  • ETH might pull back near the $3,324 - $3,200 zone if the price fails to sustain above $3.5K support.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
    \"\"
    ETH\/USD<\/a> has every possibility to retest the $4K level as long as the price survives above $3.6K. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    The Ethereum price is now drifting just below $3,700 as the cryptocurrency world awaits the SEC's verdict on whether ETH is a security. However, the price holding above the current resistance at $3,610 indicates it still holds the bullish momentum.<\/p>\n\n\n\n

    On the downside, Ethereum's price may return to $3,200 and regain liquidity before continuing its upward trend. This is heavily reliant on Bitcoin price behavior, as the two coins are strongly correlated: if BTC falls below $70K and shows further weakness, ETH may also experience a correction.<\/p>\n\n\n\n

    However, if bulls drive Ethereum's price over $3,610 and the daily candlestick closes above this level, which corresponds to the 50% Fibonacci level, the bearish outlook may be disproved. In such a circumstance, the altcoin might approach the year-to-date top and the weekly resistance at $4,020, representing a nearly 14% increase from current prices.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Signals To Hold Above $70K This Week, ETH Remains Withing A Rising Trend Channel Targeting $4K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-signals-to-hold-above-70k-this-week-eth-remains-withing-a-rising-trend-channel-targeting-4k","to_ping":"","pinged":"","post_modified":"2024-03-31 23:28:16","post_modified_gmt":"2024-03-31 12:28:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16152","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15757,"post_author":"14","post_date":"2024-03-08 21:43:03","post_date_gmt":"2024-03-08 10:43:03","post_content":"\n

    US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

    However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

    Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

    \"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

    See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

    Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

    Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

    Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

    Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

    Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • The price holding above the resistance at $3.6K signals further gains this week.<\/li>\n\n\n\n
  • ETH might pull back near the $3,324 - $3,200 zone if the price fails to sustain above $3.5K support.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
    \"\"
    ETH\/USD<\/a> has every possibility to retest the $4K level as long as the price survives above $3.6K. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    The Ethereum price is now drifting just below $3,700 as the cryptocurrency world awaits the SEC's verdict on whether ETH is a security. However, the price holding above the current resistance at $3,610 indicates it still holds the bullish momentum.<\/p>\n\n\n\n

    On the downside, Ethereum's price may return to $3,200 and regain liquidity before continuing its upward trend. This is heavily reliant on Bitcoin price behavior, as the two coins are strongly correlated: if BTC falls below $70K and shows further weakness, ETH may also experience a correction.<\/p>\n\n\n\n

    However, if bulls drive Ethereum's price over $3,610 and the daily candlestick closes above this level, which corresponds to the 50% Fibonacci level, the bearish outlook may be disproved. In such a circumstance, the altcoin might approach the year-to-date top and the weekly resistance at $4,020, representing a nearly 14% increase from current prices.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Signals To Hold Above $70K This Week, ETH Remains Withing A Rising Trend Channel Targeting $4K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-signals-to-hold-above-70k-this-week-eth-remains-withing-a-rising-trend-channel-targeting-4k","to_ping":"","pinged":"","post_modified":"2024-03-31 23:28:16","post_modified_gmt":"2024-03-31 12:28:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16152","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15757,"post_author":"14","post_date":"2024-03-08 21:43:03","post_date_gmt":"2024-03-08 10:43:03","post_content":"\n

    US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

    However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

    Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

    \"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

    See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

    Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

    Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

    Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

    Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

    Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • Ethereum price keeps consolidating between $3,681 and $3,423 for the last seven days.<\/li>\n\n\n\n
  • The price holding above the resistance at $3.6K signals further gains this week.<\/li>\n\n\n\n
  • ETH might pull back near the $3,324 - $3,200 zone if the price fails to sustain above $3.5K support.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
    \"\"
    ETH\/USD<\/a> has every possibility to retest the $4K level as long as the price survives above $3.6K. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    The Ethereum price is now drifting just below $3,700 as the cryptocurrency world awaits the SEC's verdict on whether ETH is a security. However, the price holding above the current resistance at $3,610 indicates it still holds the bullish momentum.<\/p>\n\n\n\n

    On the downside, Ethereum's price may return to $3,200 and regain liquidity before continuing its upward trend. This is heavily reliant on Bitcoin price behavior, as the two coins are strongly correlated: if BTC falls below $70K and shows further weakness, ETH may also experience a correction.<\/p>\n\n\n\n

    However, if bulls drive Ethereum's price over $3,610 and the daily candlestick closes above this level, which corresponds to the 50% Fibonacci level, the bearish outlook may be disproved. In such a circumstance, the altcoin might approach the year-to-date top and the weekly resistance at $4,020, representing a nearly 14% increase from current prices.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Signals To Hold Above $70K This Week, ETH Remains Withing A Rising Trend Channel Targeting $4K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-signals-to-hold-above-70k-this-week-eth-remains-withing-a-rising-trend-channel-targeting-4k","to_ping":"","pinged":"","post_modified":"2024-03-31 23:28:16","post_modified_gmt":"2024-03-31 12:28:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16152","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15757,"post_author":"14","post_date":"2024-03-08 21:43:03","post_date_gmt":"2024-03-08 10:43:03","post_content":"\n

    US stocks extended losses on Tuesday after the data showed that the ISM <\/a>Services PMI in the United States decreased to 52.6 points in February from 53.4 points in January of 2024. Economists expected a dip to 53 and it is also important to mention that the ISM services employment index fell 2.5 points to 48.<\/p>\n\n\n\n

    However, a services PMI beyond 49 percent usually indicates an expansion of the overall economy which suggests the February Services PMI shows the overall economy is growing for the 14th consecutive month after one month of contraction in December 2022.<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    The past relationship between the Services PMI and the overall economy indicates that the Services PMI for February (52.6 percent) corresponds to a 1.2-percent increase in real gross domestic product (GDP) on an annualized basis<\/em><\/p>\n\n\n\n

    Anthony Nieves, Chair of the Institute for Supply Management Services Business Survey Committee, said that the slight decrease in the rate of growth in February is a result of faster supplier deliveries and the contraction in the employment rate. Anthony Nieves added:<\/p>\n\n\n\n

    \"The majority of respondents are mostly positive about business conditions. Respondents remain concerned about inflation, employment, and ongoing geopolitical conflicts.\"<\/em><\/p>\n\n\n\n

    See Related: <\/em><\/strong>GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale<\/a><\/p>\n\n\n\n

    Federal Reserve And Economy Evaluation<\/h2>\n\n\n\n

    Federal Reserve<\/a> Chair Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday, where he will share his evaluation of the economy and potentially offer new insights into the timing of potential rate cuts.<\/p>\n\n\n\n

    Markets have rallied this year on bets that the Fed would start trimming rates in May but some Federal Reserve governors warned in the last couple of weeks that the interest rate cuts expected by the market in the first half of the year may have been premature.<\/p>\n\n\n\n

    Some economic analysts said that the central bank became too focused on inputs after misreading inflation in 2021 and they warned that the Fed risk a recession if it cut rates later than June. So far into 2024, the Fed funds rate has remained paused at a range of 5.25%-5.50% and many central bank officials want to see a clear disinflationary trend in the data before cutting rates.<\/p>\n\n\n\n

    Simultaneously, the increase in geopolitical uncertainties presents an extra hurdle and amplifies the possibility of unexpected risks in both markets and economic outcomes. Given these factors, the outlook is expected to remain cautious as long as interest rates remain significantly restrictive and the looming presence of geopolitical risks persists.<\/p>\n","post_title":"US Stocks Extended Losses On Tuesday After ISM Services PMI Came In Slightly Below The Market Expectation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-stocks-extended-losses-on-tuesday-after-ism-services-pmi-came-in-slightly-below-the-market-expectation","to_ping":"","pinged":"","post_modified":"2024-03-08 21:43:10","post_modified_gmt":"2024-03-08 10:43:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n