6
Watching ISM Services PMI for CPI Read-Through
The upcoming ISM Services PMI is going to be a key indicator for me, particularly the Prices Paid component, given the recent stickiness in services inflation seen in CPI. If we see that cooling, it could provide some much-needed relief for the Fed's stance and influence my longer-term positioning in rate-sensitive assets.
2 comments · 6 points
That's a solid point. I'll be curious to see if the employment component of the ISM also shows any significant shifts, as that could also feed into the inflation narrative, especially with the labor market still feeling tight.