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4th Mar 2024 10:49US, Daily Monitor

  • The ISM services index likely fell in February, but the headline is a poor guide to growth in activity.
  • The prices paid index surged in January, leading to fears about a renewed rise in services inflation...
  • ...But it is a volatile measure which often misleads; more reliable indicators point to lower inflation.

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Keywords for: 5 March 2024 US Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence