ISM Services PMI at 56.7; Strong Business Activity Eases Recession Fears - DailyFX

U.S. business activity in the services sector increased at a solid rate in July, beating expectations and signaling that the economy remains resilient and can avoid a hard landing.

• July ISM services PMI rises to 56.7 from 55.3, beating expectations calling for a decline to 53.5
• Strong business activity suggests the economy remains resilient and may be able to a… [+2670 chars]
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