Dallas Fed Services Revenues For June 3.6 Vs 6.0 Est.; 6.9 Prior
Portfolio Pulse from Happy Mohamed
The Dallas Fed Services Revenues for June came in at 3.6, lower than the estimated 6.0 and the prior figure of 6.9.
June 27, 2023 | 2:31 pm
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NEGATIVE IMPACT
The Dallas Fed Services Revenues for June, at 3.6, were lower than the estimated 6.0 and the prior figure of 6.9, which may impact the broader market.
The lower-than-expected Dallas Fed Services Revenues for June indicate a potential slowdown in the services sector, which could negatively impact the broader market and the SPY ETF in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50