Update
US Services Growth Slows, ISM Prices Index Hits Highest Since April 2023
US services growth slowed in October, with the Institute for Supply Management (ISM) services report showing a headline PMI of 54.5, down from 54.9 in September. The 12-month average prices index reached its highest level since April 2023, at 69.2. This indicates persistent cost pressure complicating the case for rate relief that could support Bitcoin. The Nov. 6 jobs report is the next policy checkpoint.