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U.S. ISM Services PMI is expected to decline slightly in September, while the Prices Paid Index is projected to hit a 50-month high.
The US ISM Services PMI for September is expected to slightly decrease to 55.0 from 55.4 in August. The employment index is projected to improve from 47.8 to 48.8, while the new orders index is expected to decline from 60.9 to 60.3. The market's focus is more on inflation: the prices paid index is anticipated to rise from 72.6 to 73.3, marking a 50-month high and reinforcing price pressures in the services sector.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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