Ultima MarketsWith the easing of inflation, the US service industry is becoming more moderate...

Service industry in the United States3The month has slowed down, and service prices have dropped to4The annual low point is consistent with the outlook of the Federal Reserve. According to the American Association for Supply Management（ISM）Data from last month's non manufacturing purchasing managers index52.6lower51.4. This index is derived from1The second consecutive month of decline since the rebound in the month.

（ISMNon Manufacturing Purchasing Managers Index

Although the index is still higher than50This indicates that the industry is growing, but its report emphasizes the depreciation of service prices, consolidating the expectation of interest rate cuts. Although the Federal Reserve will relax its tight monetary policy, its timing largely depends on the performance of inflation.

On the other hand, the new order index for the service industry has increased from last month's56.1Slide down to54.4. Although production remains strong, the slowdown in demand may be mainly attributed to high interest rate settings and the normalization of economic momentum. Looking ahead, the market will pay attention to Friday's non-farm employment report, which is expected to increase last month20Ten thousand job opportunities.

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