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ISM Services Slowly Expanding

No upside in employment in the ISM Services data that we saw in ISM Manufacturing on Monday. Per the ISM: WHAT RESPONDENTS ARE SAYING ..."General economic tone is still 'wait and see.' Capital outlays are postponed for durable goods." (Health Care & Social Assistance)"Cost-cutting efforts continue." (Transportation & Warehousing)"Overall business activity increasing — forecast even better market conditions in the coming months." (Construction)"Business climate remains encouraging, but....

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