ISM Services PMI at 55.3, Business Activity Grows More than Expected, S&P 500 Muted - DailyFX

June U.S. services PMI falls to 55.3 from 55.9 in May, growing for the 25th month in a row and slowing less than expected, a sign that the economy may able to avoid a recession in the near-term.

• June ISM services falls to 55.3 from 55.9 in May, topping forecasts
• The services sector slows less-than-expected, suggesting the economy may be able to avoid a recession in the near-t… [+3363 chars]
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