Diverging economic indicators not pushing FED to cut rates. AIA Weekly 6.22.24

US Flash PMI came in positive this week. However, we also see the Citi economic surprise index weakening. This divergent economic news is likely going to cause the FED to pause and not cut rates. How can they cut rates with the market at near all-time highs, housing prices at all-time highs, and PMI's increasing?