The ISM Services Index ticked up in August, and the report's prices paid component jumped to its highest level since August 2022, back when the economy was still digging out of the post-pandemic inflation spike. Megan breaks down what's behind the rise in service sector activity and why the pricing data is worth watching heading into the Fed's next move.


In this episode, Megan covers:
🔹 Why the ISM Services Index rose in August and what's driving the strength
🔹 The prices paid component's jump to its highest level since August 2022
🔹 Business activity and new orders climbing to their highest levels in over a year
🔹 How Fed speech on holding rates steady moved the equity markets today
🔹 Why tomorrow's jobs report is the last piece of data before the Fed's rate decision

If you're trying to make sense of what these numbers mean for your own portfolio and retirement planning, take five minutes to listen in. 

For a history of all Markets with Megan episodes, visit: https://marketswithmegan.FM

#ISMServices #ServiceSectorInflation #FederalReserve #JobsReport #InterestRates #Inflation #MarketsWithMegan #Economy #FedDecision #StockMarket


https://youtu.be/Sk63JVHeZ0g

Disclaimer:  material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks 
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance 
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any 
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the c...

Podden och tillhörande omslagsbild på den här sidan tillhör Megan Horneman. Innehållet i podden är skapat av Megan Horneman och inte av, eller tillsammans med, Poddtoppen.