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Services ISM Smashes Estimates, Prints At 56.1 Highest Since 2022, As Prices Paid Tumble
Services ISM Smashes Estimates, Prints At 56.1 Highest Since 2022, As Prices Paid Tumble
After the Manufacturing ISM print earlier this week came modestly stronger than expected (albeit with the Prices Paid component spiking and sending 10Y yields higher), some were expecting a similar improvement in today's Services ISM print. What they got instead, was a blowout number, and one suggesting that whatever weakness the US economy was in for much of the latter part of 2025, is now over.
At 10:00am ET, the ISM Services print came out at 56.1,...
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Is Trump Preparing To "Escalate To De-Escalate" With Russia?
Is Trump Preparing To "Escalate To De-Escalate" With Russia?
Authored by Andrew Korybko,
He feels personally insulted by Putin rejecting his proposal to freeze the conflict in exchange for a resource-centric strategic partnership and also, whether one agrees with him or not, senses weakness after the US built a “cordon sanitaire” around Russia over the past year.
Trump signed the “G7 leaders’ statement on geopolitical issues” agreeing “to increase the delivery of air defence capacities, additional systems and interceptors, and long-range capabilities. We are also ready to consider extending to Ukraine the...
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