financetom
Economy
financetom
/
Economy
/
Kansas City Fed Services Index Indicates Faster Expansion in May
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Kansas City Fed Services Index Indicates Faster Expansion in May
May 26, 2025 1:27 PM

11:17 AM EDT, 05/23/2025 (MT Newswires) -- The Kansas City Federal Reserve's monthly composite services index rose to a reading of 11 in May after increasing to 3 in April, suggesting faster expansion.

A reading above zero indicates growth.

The index is in line with the S&P Global Flash index released on Thursday but in contrast with the other regional services measures already released that indicated contraction.

There was an increase in the Kansas City revenue/sales reading to 14 from 4, while the employment reading jumped to 10 from 2.

The reading of selling prices increased to 18 from 16, while the input price index fell to 43 from 49.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Dollar Falls Early Monday, Focus on New Year's Holiday, Manufacturing Data
US Dollar Falls Early Monday, Focus on New Year's Holiday, Manufacturing Data
Dec 30, 2024
07:30 AM EST, 12/30/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Monday to start off another quiet week broken up by the New Year's Day holiday on Wednesday. Monday's calendar includes the Chicago PMI report for December at 9:45 am ET, followed by pending home sales data for November at 10:00 am ET and...
Trump's first actions and job data to test market in January
Trump's first actions and job data to test market in January
Dec 29, 2024
NEW YORK (Reuters) -After closing the books on a banner year for U.S. stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving. The S&P 500 rose roughly 25% in 2024 through Dec. 27, while the technology-heavy Nasdaq Composite index , which surpassed 20,000...
US may hit new debt limit as early as Jan 14, Yellen says
US may hit new debt limit as early as Jan 14, Yellen says
Dec 27, 2024
WASHINGTON (Reuters) - The U.S. Treasury Department may need to take extraordinary measures by as early as Jan. 14 to prevent the United States from defaulting on its debt, Treasury Secretary Janet Yellen told lawmakers in a letter on Friday. Yellen urged lawmakers in the U.S. Congress to act to protect the full faith and credit of the United States....
Factbox-Most brokerages expect Fed to hold rates steady in January meeting
Factbox-Most brokerages expect Fed to hold rates steady in January meeting
Dec 30, 2024
(Reuters) -Major brokerages, including BofA and Goldman Sachs, expect the U.S. Federal Reserve to hold interest rates steady in the upcoming January meeting, after the central bank delivered a quarter-percentage-point cut in December. Fed Chair Jerome Powell said more reductions in borrowing costs now hinge on further progress in lowering stubbornly high inflation. His remarks indicated policymakers were starting to...
Copyright 2023-2025 - www.financetom.com All Rights Reserved