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The ISM services index hit 53.6, missing estimates as new orders dropped to 53.5. Persistent input costs at 70.7 suggest inflation remains a key hurdle for policy.

$117.8 million in weekly crypto inflows hides four days of outflows. A single Friday surge masks institutional hesitation; watch for early-week sell-offs.

Realized tariff rates added 0.80 percentage points to March 2026 core PCE inflation. The peak impact has passed, but new tariff structures remain a key risk.