Market 06/06: ECB cuts interest rates but raises inflation forecast putting pressure on FED

FED To Cut Rates In September? NVDA Hits 3 Trillion Dollar Mark

Morning ADP employment data shows labor demand continues to cool in line with FED expectations, however not too strong to cause recession fears. ISM survey also shows economic activity slowing, so is this the condition for FED to cut rates in September?

ECB cuts deposit rate to 3.75% - first cut since 2019