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US Services Sector Cooperates In Further Boon To Inflation Fight
It was only fitting that the last of this week's deluge of top-tier US macro updates counted as a miss.
The balance of the data received in recent days was unequivocally dovish, including the October jobs report, which missed estimates and included meaningful downward revisions to the prior months' headline prints.
With that as the backdrop, Friday's cooler-than-expected ISM services print fit right in. 51.8 compared unfavorably (or favorably if you're in the "bad news is good news" camp) to t
