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The ISM Services Report Challenges the Consensus Outlook

The ISM Services Report Challenges the Consensus Outlook

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Today’s Macro Minute breaks down why the latest ISM Services and Factory Orders data challenged consensus expectations for accelerating growth and slowing inflation, while rising fiscal concerns in France add pressure to global bond markets. Darius also explains why recent weakness in private credit appears more technical than a signal of broader credit-cycle or recession risk.
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