The ISM services survey’s prices index jumped to 64.4%, an increase of 6.2 points or more than 10%. from Economy https://ift.tt/6GRvTYB

Economists polled by Reuters forecast a reading of 2.4%, up from 2.2% in November. from Economy https://ift.tt/p8Qf5zL

President-elect Donald Trump is considering a plan that still would apply tariffs to all nations but narrow the impact. from Economy https://ift.tt/Cq04F9L

Firms across hospitality, manufacturing, construction and healthcare expressed concerns about how they would cover additional tax costs. from Economy https://ift.tt/12zasNB

The PCE price index was expected to show a 2.5% annual inflation rate in November after rising 0.2% monthly. from Economy https://ift.tt/wsiImvt

Russia’s central bank on Friday left its key interest rates unchanged at 21%, citing monetary tightness as Moscow wages its ongoing battle with sky-scraping inflation. from Economy https://ift.tt/Kpc3LDy

Economists widely expected a rate hold at the December meeting, as policymakers remain concerned with stubborn services inflation and wage growth. from Economy https://ift.tt/CekV4qd

UK inflation data comes after wage growth quashed any last expectation for a final 2024 rate cut from the Bank of England. from Economy https://ift.tt/EL58ZFB

Traders are pricing in a near-certainty that the Fed on Wednesday will lower its key rate by a quarter point. from Economy https://ift.tt/PmuHWUE

Since September, the rial has suffered the ripple effects of hits to Iran’s proxies, as well as the November election of Donald Trump to the U.S. presidency. from Economy https://ift.tt/e15tY09