‘Very Hot’ US Economy Seen Pushing Limits In June
The US services sector cooled in June, the initial read on IHS Markit's survey for this month suggested.
While still indicative of robust activity (indeed, the survey all but screams "Overheat!"), the flash read, at 64.8, missed consensus by a country mile. The market wanted 70.
The range, from 17 economists, was 68 to 71, so the actual print (figure below) was well short of the most pessimistic guess. It also represented a notable decline from May.
The manufacturing gauge, on the other han