Latest Updates: Related to Inflation

ISM Services Index Shows Continued Resilience, Price Pressures


On Wednesday, The Institute for Supply Management’s Manufacturing index moderated further in February, sliding to 47.7 and extending its sub-50 contractionary streak to four months. However, the prices paid component increased for the second time in as many months, climbing from 44.5 to 51.3. That rattled markets mid-week as it added to the mounting pile of evidence that the Fed’s fight to tame inflation is far from complete.

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