US ISM Services Sector Activity Picks Up in May but Faces Mideast Conflict Impact of Higher Costs of Fuels, Other Oil Products; Employment Remains Weak
–ISM’s Miller: Fed Likely to Hold Interest Rates Steady in Near Term as Inflation Mainly Due to Fuel Prices, Exerting Some Downward Pressure on Growth By Max Sato (MaceNews) – U.S. services sector activity accelerated in May after slowing in the previous two months thanks to higher new orders, but the sector continues to face […]