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US ISM Services Beats Forecasts as Demand Surges but Hiring Stays Weak - Action Forex
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US ISM Services Beats Forecasts as Demand Surges but Hiring Stays Weak Action Forex
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4 itemsEurozone Economic Sentiment Beats Forecasts as Services and Hiring Outlook Strengthen - Action Forex
ING THINK
US service sector remains robust, but hiring weakness persists
The desk argues that while the US service sector remains robust, as illustrated by the ISM services index, concerns about weak hiring persist, influencing market expectations for future Federal Reserve rate hikes. The report from ING indicates business activity remains elevated, with the ISM index reflecting a 2.5% GDP growth trajectory. However, employment metrics fell below neutral, highlighting a paradox of rising activity against a backdrop of hiring hesitance, a nuanced dynamic discussed in detail in the original commentary [source].
Shaky US jobs report, Yen on the watchlist and markets eye US ISM services - FXStreet
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