US services price gauge hits a four-year high, clouding Bitcoin’s rate-relief outlook
Summary
The ISM services prices index rose to 74.0 in September, its highest since July 2022, while the services PMI eased to 54.9 and business activity slowed. Both activity measures remained in expansion, and employment returned to slight growth. The data add evidence of cost pressure but do not measure consumer inflation or establish that Federal Reserve rate relief is less likely. For leveraged Bitcoin traders, uncertain rates could affect financing and risk appetite, but the article cautions that Fed rates and perpetual-futures funding are distinct and that Bitcoin’s response to macroeconomic news is not automatic. Bitcoin was near $85,580 on October 6, down 0.04% over 24 hours; that move cannot be attributed to the survey.
