Trump could declare national economic emergency to justify universal tariffs, CNN reports

Job creation eased more than expected in December while wages grew at the slowest pace in nearly 3½ years.

The ISM services survey's prices index jumped to 64.4%, an increase of 6.2 points or more than 10%.

Economists polled by Reuters forecast a reading of 2.4%, up from 2.2% in November.

President-elect Donald Trump is considering a plan that still would apply tariffs to all nations but narrow the impact.

Firms across hospitality, manufacturing, construction and healthcare expressed concerns about how they would cover additional tax costs.

The PCE price index was expected to show a 2.5% annual inflation rate in November after rising 0.2% monthly.