Hot US Services Sector Unexpectedly Cools

US services sector activity cooled off in November if you can believe it. The engine of the world's largest economy decelerated last month, according to the marquee gauge of services activity, released on Wednesday. At just 52.1, the headline ISM print came in well below consensus. Economists collectively expected 55.7. Although the final read on S&P Global's gauge for November remained robust, at 56.1, it was revised lower from the flash print, a blistering 57. While activity expanded

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