U.S. Services Index Indicates Slower Growth In March

The ISM reported a slowdown in the pace of U.S. service-sector growth in March, indicating softer activity in the economy's largest sector. This moderation represents a modest headwind for consumption- and services-driven growth and could temper near-term risk appetite if the trend continues.

Analysis

The ISM reported a slowdown in the pace of U.S. service-sector growth in March, indicating softer activity in the economy's largest sector. This moderation represents a modest headwind for consumption- and services-driven growth and could temper near-term risk appetite if the trend continues.