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ISM Services Prices

Name: ISM Services Prices
Creator: TipRanks

The ISM Services Prices is a component of the ISM Services PMI report, which measures the change in prices paid by service sector businesses in the U.S. It is an important indicator of inflationary pressures within the service sector, which constitutes a significant portion of the U.S. economy. Rising prices can signal increasing inflation, influencing monetary policy decisions by the Federal Reserve, and impacting financial markets by affecting interest rate expectations. Consequently, it is closely watched by investors and policymakers for insights into economic health and inflation trends.