Latest PMI survey data from S&P Global showed that the US service sector registered only a modest pace of activity growth during February. The slowdown was accompanied by only a moderate rise in incoming new business, with both activity and sales hindered somewhat by adverse weather conditions. Nonetheless, muted demand conditions limited hiring activity and kept business confidence below trend. Selling price inflation accelerated on the month, reflecting elevated cost pressures from tariffs and rising employee expenses. The headline S&P Global US Services PMI® Business Activity Index fell in February, ... (full story)