US ISM Services Prices (Jan) 66.6 (Prev. 65.1, Rev. From 64.3)
The ISM Services Prices index rose to 66.6 in January, up from a revised 64.3, indicating increased inflation pressures within the services sector.
CBRT says service inflation was driven by labour cost
Polish Central Bank reiterates that future decisions will depend on incoming data, remains willing to intervene in FX if needed
US ISM Services Prices (Jan) 66.6 (Prev. 65.1, Rev. From 64.3)
First day of talks between Ukraine and Russia have reportedly ended, and will continue on Thursday; Ukrainian Official suggests talks were productive
US EQUITY OPEN: Indices mixed but NDX leads losses amid AMD weakness ahead of GOOGL/QCOM earnings
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This uptick suggests a stronger inflationary environment than previously perceived, which could prompt considerations around monetary policy adjustments and impact rates if the trend continues. Watch for potential implications for the USD and broader market sentiment as traders react to these inflation signals.
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