Persistent price rises by US service sector businesses have underscored the stickiness of inflation and pushed back expectations for interest rate reductions in 2024, jeopardising hopes for a successful soft landing.

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John Kemp , Institute For Supply Management , Reuters , Supply Management , Commentary , Usinflation , Servicesector , Prices , Federalreserve , Interestrates , Softlanding , Hardlanding , Economicoutlook , Monetarypolicy ,