U.S. Service Sector Contracts as Trade Tensions Rise
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币界网报道：The U.S. service sector contracted in June for the first time since 2020, with the ISM Services PMI dropping to 48.8 from 53.8 in May, signaling weakening demand amid rising trade tensions. Business activity and new orders declined sharply, while employment fell into contraction territory. Prices paid remained elevated at 56.3, though slightly lower than May's 58.1. Analysts warn the data suggests economic momentum is slowing, with potential implications for Federal Reserve policy. Meanwhile, China's Caixin Services PMI showed expansion at 51.2, though slower than May's 54.0, reflecting divergent trends in
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