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Macro

US August ISM Non-Manufacturing Index Due at 10:00 AM ET

The US August ISM Non-Manufacturing Index is scheduled for release at 22:00 Beijing time. The data will provide insight into the services sector’s performance. Investors will watch for signals on economic momentum and potential implications for Federal Reserve policy.

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AI take

The services sector is the bulk of US economic activity, so this print carries more weight for Fed expectations than most monthly data points. A soft reading would reinforce the case for easing, while a firm one could complicate the timeline. The open question is whether the index confirms the manufacturing weakness or shows that services are holding up, which would give the Fed more room to stay patient.

Generated by AI for reference only.

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