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U.S. Services PMI Slips, Signals Slower Growth Ahead

2/6/2025

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Summary

Story summary

The U.S. Services PMI fell to 52.8 in January, signaling slower growth compared to December's 54.
New orders decreased to 51.3, indicating reduced domestic demand.
The prices paid index dropped to 60.4, reflecting easing inflation pressures.
Weather disruptions and trade uncertainties are hindering business operations and growth outlooks.
The Federal Reserve held interest rates steady at 4.25%-4.50%, citing persistent inflation concerns.

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Story summary

The U.S. Services PMI fell to 52.8 in January, signaling slower growth compared to December's 54.
New orders decreased to 51.3, indicating reduced domestic demand.
The prices paid index dropped to 60.4, reflecting easing inflation pressures.
Weather disruptions and trade uncertainties are hindering business operations and growth outlooks.
The Federal Reserve held interest rates steady at 4.25%-4.50%, citing persistent inflation concerns.