​US Services Survey Soars In September, Prices Paid Explode Higher – Tyler Durden

US Services Survey Soars In September, Prices Paid Explode Higher After weakness in the Manufacturing surveys, this morning’s Services sector surveys were yet another hope-filled data point to support the soft-landing narrative. S&P Global’s US Services PMI was relatively steady (in expansion) at 55.2 – near the highest since March 2022. ISM Services PMI surged to 54.9 (well above the 51.7 print expected) – highest since Feb 2023 (and catching up to S&P Global’s survey) Source: Bloomberg Strong growth, but soaring prices… not exactly 50-bps-rate-cut time!! ISM Services saw the biggest beat since January 2023… …an 8 sigma beat!! As…  — Continue at ZeroHedge News : Read More