The latest surveys by S&P Global reveal an American economy firing on all cylinders in June, with robust activity and cooling inflation creating a goldilocks environment that eases pressure on the Fed to cut interest rates. S&P Global Purchasing Managers’ Indices (PMIs) For June: Key Highlights The Composite PMI rose to 54.6 in June, up by 0.1 percentage points from May and marking the highest level since April 2022. The Services PMI rose from 54.8 in May to 55.1, topping estimates of 53.7 as collected by Econoday. It marks the strongest services sector expansion in two years. Services activity has now risen for 17 consecutive months. The Manufacturing PMI also improved in its growth path, rising from 51.3 to 51.7, beating forecasts of 51. S&P Global highlighted an improved business confidence for the year ahead, notably ...