The US services sector in April continues to expand at a brisk pace as manufacturing stumbles. That’s the message in yesterday’s economic updates in context with recent numbers available for this month. The case for anticipating a second-quarter bounce back for the US economy, in other words, remains a bit challenged, based on the available data so far.
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● PMI: Strong US service sector growth maintained in April | Markit
● Dallas Fed Index: Texas manufacturing activity weakens again | DMN
● With economy uncertain, no Fed rate hike is seen before fall | AP
● 2% Inflation Target Is Questioned as Fed Policy Panel Prepares to Meet | NY Times
● UK recovery slows sharply in pre-election blow for Cameron | Reuters
● Greek finance minister Yanis Varoufakis replaced as leader of debt talks | Guardian
● Varoufakis sidelined but Greece still in danger | CNBC
● 3 Tough Choices for ECB on Greece | Bloomberg