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US BUSINESS ACTIVITY GROWTH SLOWS AS SERVICES SOFTEN

  • NEWS Desk Global
  • Jul 24, 2023
  • 1 min read

U.S. business activity slowed to a five-month low in July, dragged down by decelerating service-sector growth, closely watched survey data on Monday showed, but falling input prices and slowed hiring indicate the Federal Reserve could be making progress on important fronts in its bid to reduce inflation.

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