US Economy Basking In Goldilocks Glow, PMIs Suggest

US private sector business activity expanded at the briskest pace since June, preliminary data for January released on Wednesday showed. The flash print on S&P Global's composite gauge for the world's largest economy was 52.3, up from 50.9 in December and the highest in seven months. It marked the third straight month of expansion. The services print, 52.9, easily topped consensus and came in higher than the most optimistic projection from the 14 economists who braved a guess. January mark