384 days ago • Posted by Ajmir Omid

#ISM non-manufacturing beats forecasts #stocks #dollar

US ISM services came in stronger than expected surprising the whole market. Employment, New orders, and Business activity all bounced, beating estimates. The report shows the economy is still coping very well with the rise in interest rates. Nevertheless, stocks continued their slide as it also suggests that higher interest rates are here to stay for some time longer. Meanwhile, the dollar surged to the highest level since 2002.