1. US Services PMI Plunges Into Contraction, Signaling Stagflation Risk for Q1
The US services sector, the economy's dominant engine, has abruptly shifted into contraction for the first time in over three years. The S&P Global US Services PMI Business Activity Index fell to 49.8 in March, dropping below the critical 50.0 expansion threshold from February's 51.7 and missing earlier estimates. This...