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Recession evidence piles up with S&P PMI Services leading the way

The S&P US Composite PMI™ shows a steep decline in business activity in August. Global Flash PMI courtesy of S&P. Yellow highlights and dashed line ad

Services smashesSp services is deeplyFlash us services business activity indexFaster fallOutput indexBusiness activity indexSmashes estimatesAtlanta fedNew home sales crash acceleratesSales down

Bitcoin fails to recover as elevated inflation weighs on sentiment

Bitcoin prices suffered after US CPI rose to a four-decade high. With fundamentals currently driving price action, the economic calendar remains key for digital assets.

United statesChristine lagardeDailyfx educational centerEuropean central bankFederal reserveBitcoin outlookSmashes estimatesBitcoin bears stepGoverning councilUmichigan sentimentTammy da costa

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