Inflation Is Embedded In The US Services Sector

Friday's hotly-anticipated read on the state of the US services sector was good, but it could've been worse. That's the best "good news is bad news" joke you'll hear this month. ISM services printed 55.1 for February, easily robust enough to validate any and all hawkish rates narratives, but not the sort of scorcher that might've triggered a fresh escalation ahead of next week's crucial labor market data. Consensus was looking for 54.5 from the headline. The range of estimates from the five-d

Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today for as little as $7/month

View subscription options

Or try one month for FREE with a trial plan

Already have an account? log in

One thought on “Inflation Is Embedded In The US Services Sector”

The market has a sort of schizophrenia. Not a psychiatrist, but the patient could need more medication to cure its ills – a chill pill perhaps from Dr. Powell?