US Services Growth Holds Up as Price Pressures Keep Fed in a Bind

The S&P Global services activity index reached 58.8 in September, its highest reading since July 2021, with technology businesses leading a broad expansion. A separate ISM survey showed services activity slowing as input prices surged—a reminder that growth and inflation can share the same stage.

Household spending: sturdier than sentiment

Recent revisions to household financial data suggest Americans have been **saving more than previously...