Chicago PMI and Construction spending still due!!

Discussion in 'Trading' started by S2007S, Apr 30, 2007.

  1. S2007S


    Apr 30 9:45 AM Chicago PMI Apr - 53.0 55.0 61.7 -
    Apr 30 10:00 AM Construction Spending Mar - 0.1% 0.3% 0.3%
  2. Both below expectations, both shrugged off, market goes higher. Lower growth = Fed won't raise rates.
  3. bfft as he said

    less likelyhood of a rate hike
  4. S2007S


    ha less likely hood, come on, thats the only thing the bulls have to cheer about when they see a negative economic number is the chance of the federal reserve lowering rates, I will repeat myself for the 1000th time, they are not cutting rates anytime soon.
  5. But they aren't going to raise then either and that is what matters