US services activity remains strong in July as input costs rise, sending mixed signals for crypto markets

US services activity remains strong in July as input costs rise, sending mixed signals for crypto markets

US services expanded 25 months (PMI 54.1%) with employment in contraction (47.4%) and input costs surged to 70.3 on tariffs. Input inflation pressures and hiring slowdown signal higher capex costs; Fed rate-cut delays impact M&A financing windows.