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US ISM Services Business Activity (Feb) 59.9 (Prev. 57.4)

Newsquawk Staff ·

US ISM Services Business Activity (Feb) 59.9 (Prev. 57.4)

What it means

The US ISM Services Business Activity index rose to 59.9 in February from a previous 57.4, indicating stronger expansion in the services sector than anticipated. This uptick could reinforce expectations for sustained economic growth, potentially influencing the Fed's policy stance towards more hawkish guidance in upcoming meetings.

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