Market Insight: 'Fed's intention is to cool the economy' | REUTERS

ISM services PMI slumped to a four-year low in June, potentially hinting at a loss of momentum in the economy at the end of the second quarter. Other jobs data also pointed to cooling labor market.
Banrion Capital Management's Chief Investment Strategist Victoria Bills says it is actually the Fed's intention to see cooling economic data before it starts cutting rates.
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