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.
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
