Services PMI drops to 52.1, manufacturing contracts—stagflation and economic weakness loom.
BREAKING: US ISM Services PMI index tumbled to 52.1 in November, well BELOW expected 55.7. At the same time, ISM prices paid jumped to 58.2, above expected 57.0. New orders and employment fell to 53.7 and 51.5 below expected 56.6 …