The activity of the United States services sector has unexpectedly slowed down in January in the midst of cooling the demand, helping to contain the increase in prices.
The offer management institute (ISM) reported on Wednesday that its non -producers (SME) purchasing managers (SME) managers fell from 54.0 to December to 52.8 last month. The economists consulted by Reuters predicted the discharge to 54.3.
A reading of SMEs over 50 indicates growth in the service sector, which is responsible for over two thirds of the economy. ISM associates a SME by reading over 49 over time with the expansion of the economy as a whole. The internal demand was strong in the fourth quarter, led by a robust expense for consumers.
The measure of new ISM research requests fell from 54.4 to December 51.3. This contributed to reducing the price indicator paid for services to 60.4, from 64.4 in December, which was the highest reading since February 2023.
This is a sign of hope after the progress of the inflation of the federal objective of the 2% reserve has remained stagnated in recent months. However, the prospects for inflation are uncertain, since the government of President Donald Trump is looking for rates against US commercial partners and mass deportations, the actions that economists have warned that would increase prices for Americans.
On Monday Trump suspended a 25% rate on Canadian and Mexican imports until next month. On Tuesday, a further 10% rate on Chinese products entered into force.
The United States Central Bank left the reference rate unchanged in 4.25% to 4.50% last week. It has been reduced by 100 basis points since September, when the United States Central Bank started its monetary loosening cycle.
Source: Terra
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