US Services Economy “Loses Momentum” As Inflationary Pressure Surges

by Tyler Durden
ZeroHedge.com
Jan 5, 2017

While better than expectations, Markit Services PMI dropped to 3-month lows at 53.9 in December as input prices soared at the fastest rate since July 2015 “which could feed through to reduced consumption.” ISM Services was flat at 57.2 in December, holding at 14-month highs from November, with employment declining despite rising new orders.

The Rest…HERE

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