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US services sector shows stagflation risk as ISM Services PMI disappoints; employment weakest since Dec 2023, input prices jump to highest since Oct 2022

The US services sector is sending fresh stagflation-style signals after the latest ISM Services PMI came in below market expectations. The employment component slid to its weakest reading since December 2023, while the prices-paid gauge surged to its highest level since October 2022.
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