The ISM services survey’s prices index jumped to 64.4%, an increase of 6.2 points or more than 10%.
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Private sector companies added 122,000 jobs in December, less than expected, ADP says
Job creation eased more than expected in December while wages grew at the slowest pace in nearly 3½ years.
Trump could declare national economic emergency to justify universal tariffs, CNN reports
The President-Elect is looking at utilizing the International Economic Emergency Powers Act to implement his plan for tariffs on imports.
Euro zone inflation rose to 2.4% in December, meeting expectations
Economists polled by Reuters forecast a reading of 2.4%, up from 2.2% in November.
Trump reportedly considering important alteration to tariff plans
President-elect Donald Trump is considering a plan that still would apply tariffs to all nations but narrow the impact.
UK firms plan price rises as business confidence falls to lowest level since 2022 ‘mini-budget’, survey finds
Firms across hospitality, manufacturing, construction and healthcare expressed concerns about how they would cover additional tax costs.
Key Fed inflation measure shows 2.4% rate in November, lower than expected
The PCE price index was expected to show a 2.5% annual inflation rate in November after rising 0.2% monthly.