The risk of reflation has been bubbling for several months and yesterday’s economic news on prices in the services sector fueled new concerns. The bond market is paying attention, or so the renewed rise in the US 10-year Treasury yield suggests.
Daily Archives: January 8, 2025
Macro Briefing: 8 January 2025
Business activity in the US services sector accelerated in December, according to the survey-based ISM Services Index. The index rose to 54.1, rising further above the neutral 50 mark, indicating a solid pace of expansion. A possible warning sign for inflation in the report is the strength in the prices index for services. “There was general optimism expressed across many industries, but tariff concerns elicited the most panelist comments,” says Steve Miller, chair of ISM’s Business Survey Committee.
