US Dallas Fed Services Index (Feb) -3.2 (Prev. 2.7)

Newsquawk Staff · 24 Feb 2026, 15:50 UTC

What it means

The drop in the Dallas Fed Services Index from a previous 2.7 to -3.2 signals a notable contraction in the services sector, likely reflecting cooling economic activity. This deviation from positive growth could weigh on market sentiment, potentially influencing expectations for Federal Reserve policy, particularly regarding rate trajectories as they assess economic health.

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NQ futures outperform following SK Hynix's upbeat earnings.
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Riksbank maintains its rate at 1.75% as expected; assesses that the probability of a rate increase later this year remains; there is considerable uncertainty and developments call for vigilance
EUR/SEK+0.3%
Norges Bank maintains its rate at 4.25% as expected; may still become necessary to raise the policy rate
EUR/NOK+0.6%
US President Trump expected to remove some tariffs on Canada in a bid to help Senator Susan Collins, WSJ reports.
USD/CAD−0.2%

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