RSS US PMI services finalized at 56.8, optimism with questions over Fed’s rate cuts

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 RSS US PMI services finalized at 56.8, optimism with questions over Fed’s rate cuts

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US economy concluded 2024 on a strong note, with PMI Services finalized at 56.8 in December, up from 56.1 in November and marking a 33-month high. Although below the preliminary estimate of 58.5, the services sector’s robust performance overshadowed the ongoing weakness in manufacturing. PMI Composite also rose to 55.4 from 54.9 in the prior […]

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