Tag Archives: Services PMI

Does the Fed Need to Cut Now? Bitcoin Crumbles Back Below $113000 After ISM Services PMI

Does the Fed Need to Cut Now? Bitcoin Crumbles Back Below 3000 After ISM Services PMI

Friday’s devastating jobs report hammered crypto, but that’s not the whole story. A stealthier threat is emerging: the ISM Services PMI. This key indicator is flashing warning signs, painting a surprisingly weak picture of economic activity and suggesting the crypto plunge might be more than just a blip. The economic pulse of the services sector weakened in July, with the …

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