U.S. business activity slowed to a five-month low in July. The Composite PMI index, which tracks manufacturing and service sectors, fell this month. The survey data supported evidence that the U.S. economy was still growing as the third quarter began, but at a slower rate from the previous quarter. However, the Federal Reserve may look at […]
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U.S. business activity slowed to a five-month low in July
U.S. business activity slowed to a five-month low in July. The Composite PMI index, which tracks manufacturing and service sectors, fell this month. The survey data supported evidence that the U.S. economy was still growing as the third quarter began, but at a slower rate from the previous quarter. However, the Federal Reserve may look at falling input prices and slowed hiring as progress in its bid to lower inflation.