Rate-Hike Odds Rise As US Services Surveys Disappoint: Growth Strong But Inflation Stronger
Following the mixed (but strong) Manufacturing survey data for October (ISM up, S&P down), the Services sector survey data this morning more unequivocal.S&P Global US Services disappointed, falling from 58.8 to 56.1 (and worsening from the flash print of 57.9)ISM US Services also disappointed, falling from 54.9 to 54.5 (below 54.8 exp)T…
Rate-Hike Odds Rise As US Services Surveys Disappoint: Growth Strong But Inflation Stronger
November 04, 2026