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flag U.S. business activity slowed in January, but hiring surged to a two-and-a-half-year high.

flag U.S. business activity slowed to a nine-month low in January, with the S&P Global Composite PMI dropping to 52.4, down from 55.4 in December, mainly due to the services sector decline and rising price pressures. flag Despite the slowdown, hiring rose to a two-and-a-half-year high, supporting the Federal Reserve's cautious stance on interest rates. flag Manufacturing expanded for the first time in seven months.

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