US ISM Services New Orders (Dec) 57.9 vs. Exp. 52.2 (Prev. 52.9)
Newsquawk Staff ·
US ISM Services New Orders (Dec) 57.9 vs. Exp. 52.2 (Prev. 52.9)
What it means
The December ISM Services New Orders reading significantly exceeded expectations, coming in at 57.9 compared to the anticipated 52.2. This strong print not only reinforces the resilience of the services sector but may indicate upward pressure on growth and inflation, potentially influencing Federal Reserve policy in the near term.
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