The ISM Services PMI for September came in at 55.1 on October 5, signalling continued services expansion even as the Fed-hold odds climbed to 84%.
Tag: ISM
Posted inEconomy
US August Services PMI Rises to 55.4, Adding Pressure on Federal Reserve
The ISM Services PMI climbed from 54.1 to 55.4 in August, beating forecasts and signalling resilient domestic demand that complicates the Federal Reserve’s case for holding interest rates steady in September.
Posted inEconomy
US Manufacturing PMI Reaches Four-Year High of 55.6% in July
The ISM’s July manufacturing index rose to 55.6%, a four-year high, as factory employment expanded for the first time in nearly three years.