Is It Time for the Fed to Slash Rates? Bitcoin Stumbles Below $113K Following ISM Services Report
Following Friday’s startling downward revisions in jobs growth that sent shockwaves through crypto markets, the ISM Services PMI has now started to consistently signal a more sluggish economic pulse than previously assumed. July’s ISM Services index registered at 50.1, noticeably beneath the anticipated 51.5 mark. Since any figure above 50 signals growth while below points…