2026-04-09 11:02:09

The US services sector is signaling #stagflation :

The ISM Services PMI fell -2.1 points in March, to 54.0, missing expectations of 54.9.

Meanwhile, the employment index dropped -6.6 points, to 45.2, the weakest since December 2023 and deep in contraction territory.

On the other hand, prices paid surged +7.7 points, to 70.7, the highest since October 2022, as the Iran war drove energy costs higher.

The economy is caught between rising prices and a weakening labor market.

Higher #inflation is coming.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.