US Services Sector Contracts in June as Orders Sink, ISM Services PMI Shows
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#5e43e797 ver:0.46

The US services sector contracted in June, with the ISM Services PMI falling to 48.8, the lowest since May 2020. Business activity, new orders, and employment all declined. This raises concerns about the strength of the economy and potential impact on the Federal Reserve's monetary policy decisions. The sharp drop in the PMI has alarmed markets and investors are bracing for potential dips in market confidence. The US economy is recalibrating to the higher rate environment, contributing to slowing demand and disinflation trends. #USservicessector #ISM #economy #FederalReserve...

#newstr #UsServicesSector #IsmServicesPmi #EconomicActivity #BusinessActivity #NewOrders #Employment #FederalReserve #EconomicGrowth 

 https://here.news/story/5e43e797?ver=0.46