Latest / Markets with Megan: A Quick Financial Markets Update
Market Reaction: Analyzing the Surge in Service Sector Growth | Episode 099 | 02-06-2024
Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, brings you the latest insights into the surge in service sector growth in today's episode. Megan discusses the recently unveiled data on the service sector, a pivotal aspect of American consumer spending. This report, surpassing expectations, reflects a substantial upswing, particularly in imports and the attention-grabbing prices paid component. The surge in this service number, the highest in monthly growth since August 2012, has caught the eye of the Federal Reserve, raising concerns about inflationary pressures. As a…
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