​Rate-Cuts? ISM Services Soars To 27-Month-Highs – Tyler Durden

Rate-Cuts? ISM Services Soars To 27-Month-Highs With ‘hard data’ exploding higher, ‘soft’ survey data is not playing along so far (on the Manufacturing side). On the Services side of the economy, S&P Global’s PMI slipped lower (to 55.0 from 55.2 vs expectations of a small rise to 55.3) in October equaling its lowest since July (having gone nowhere in six months). ISM’s Services PMI was expected to decline from 54.9 to 53.8, but instead it jumped significantly higher to 56.0 – the highest since July 2022… Source: Bloomberg S&P Global sees new orders rising (though some international demand weakness is…  — Continue at ZeroHedge News : Read More