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Indicator Spotlight

ISM Services Points To Fragile Growth And Easing Inflation Pressures

by Felix-Antoine Vezina-Poirier, Chief Strategist  

ISM Services data confirm slowing growth and cooling inflation, reinforcing a defensive allocation stance. The index rose slightly to 50.8 in June from 49.9 in May, with new orders rebounding into expansion at 51.3. However, the employment subcomponent…

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