US Services Sector Shows Signs of Slowing, Boosting Rate Cut Prospects
TL;DR Summary
US services sector activity stagnated in September due to weak demand and rising input prices, with employment remaining depressed and inflation near three-year highs, complicating the Federal Reserve's decision on interest rate cuts amid tariff uncertainties and AI-driven labor market impacts.
- US services sector growth brakes; prices paid measure edges higher Reuters
- US Services Gauge Falls on Weakest Business Activity Since 2020 Bloomberg.com
- The job-market sector employing the most Americans is building a case for further Fed cuts MarketWatch
- Slightly Weaker After Mixed ISM Data Mortgage News Daily
- US business surveys strengthen the case for rate cuts ING Think
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