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General TradingI
ISM Services PMI
A monthly survey by the Institute for Supply Management measuring activity in the U.S. services sector. Since services make up the majority of the U.S. economy, this report is closely watched by traders.
Example
“For example, an unexpectedly strong ISM Services PMI reading of 56.5 versus 53.0 expected can push Treasury yields higher as traders anticipate the Fed will keep rates elevated.”