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Breaking Posted 6 hours ago

US services employment contracts; stagflation signals intensify

News
ISM Services PMI held steady at 54.1 in July, but employment index collapsed to 47.4—lowest since March and fourth contraction in five months. Prices paid surged to 70.3, near 22-month highs. Dual pressure of weakening jobs and persistent inflation threatens USD support and signals Fed rate-cut urgency; watch USD/JPY, EUR/USD for dovish repricing.
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