US Service Sector Expands Modestly

The video discusses the current economic status, focusing on the service industry and its implications for potential recession. It highlights the PMI trends, business activity, employment, and price stability. The analysis suggests that while there is no immediate recession threat, the Federal Reserve may need to consider future rate increases if inflation persists. The video concludes with the possibility of a pause in rate changes to observe economic developments.

What does the text suggest about the possibility of a recession?

What is the significance of the services PMI ticking up?

How do the new orders and business activity relate to each other according to the text?

What does the employment number staying positive indicate?

What pressure does the unchanged prices paid number put on the Fed?