US: S&P Global Services PMI falls to 51.6 in June vs. 53.5 expected

Business activity in the US service sector expanded at a very weak pace in early June with the S&P Global Services PMI falling to 51.6 from 53.4 in Ma
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Powell speech: We have unconditional commitment to fighting inflation

FOMC Chairman Jerome Powell is testifying before the House Financial Services Committee on "Monetary Policy and the State of the Economy." Key takeawa
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