Trump reportedly considering important alteration to tariff plans

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

The President-Elect is looking at utilizing the International Economic Emergency Powers Act to implement his plan for tariffs on imports.

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.

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.