Read the second paragraph describing what is a clear weakening services figure. - 0.5% annualized GDP growth - Consumer services facing the second steepest decline since 2009 (ie second only to COVID lockdown). Good luck pushing inflation too hard on weakening consumer/wages.
zerohedge
@zerohedge
US Services PMI Final 49.8 (in contraction), Exp. 51.1, Prelim 51.1
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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