US services sector expands in October as ISM PMI rises

fxstreet.com

US ISM Services PMI rose to 52.4 in October, exceeding forecasts and indicating sector expansion. The report showed increases in New Orders and a slight uptick in Employment, while the Prices Paid Index also rose, suggesting persistent inflation. This data could influence Federal Reserve rate cut expectations for December and impacted the US Dollar's strength.


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US services sector expands in October as ISM PMI rises | News Minimalist