US Richmond Fed Services Revenues Index (Feb) -8 (Prev. -3)
The Richmond Fed Services Revenues Index declined to -8 from a previous -3, indicating a deteriorating outlook for service sector growth in the region.
BoE has appointed Ofgen exec. Rohan Churm as the new Executive Director for monetary policy
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US Richmond Fed Services Revenues Index (Feb) -8 (Prev. -3)
Coinbase (COIN) opens 24/5 stock trading to US users
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This drop may suggest weakening demand, which could impact Fed policy considerations around interest rates as it complicates the growth-inflation balance. Traders should monitor this as a potential headwind for the USD and broader risk sentiment.
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