Do bold need to cut now? Bitcoin crumbles back under $ 113,000 after ISM services PMI
Adding to the shocking downward job growth revisions on Friday-as sent crypto prices that tumbled-are the ISM services PMI suddenly begin to consistently indicate softer than economic activity. The ISM services for July entered 50.1, which is significantly lower than the expected 51.5. A number above 50 indicates economic expansion and below this level contraction. […]
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