Skip to Navigation Skip to Posts Skip to Content
πŸ‡ΊπŸ‡Έ Waller's disinflation bet meets a hot services prices print

πŸ‡ΊπŸ‡Έ Waller's disinflation bet meets a hot services prices print

Fed governor Christopher Waller said he'd back holding rates at 3.50%-3.75% in September if inflation data cooperates. Hours later, the ISM's services prices index jumped to 72.6, the highest reading since August 2022.

Line chart of ISM Services PMI, new orders, and employment from 2000–2026; latest readings 55.4, 60.9, and 47.8.
ISM Services PMI at 55.4 in August, with new orders at 60.9 while employment remains in contraction at 47.8 heading into Friday's payrolls. Source

Read next

πŸ“š What housing starts really measure, and why single-family versus multifamily matters more than the headline

Featured Post The day in view

πŸ“° Daily Macro Roundup: 2026-09-17

Become a Member

Daily and weekly briefings on global markets, for self-directed investors who want to be informed, not doomscrolled.

Sign up now