The Institute for Supply Management’s services index rose to a three-month high of 54.5. Readings above 50 indicate expansion.
Reade Pickert is an Editor and Deputy Federal Reserve Team Leader at Bloomberg News. He specializes in business and economics, covering themes such as the global economy, economic policy, local and regional economies, as well as supply chain management and manufacturing automation. Reade's insights and analyses have been featured in prominent publications including The Boston Globe, Yahoo Finance, and The Washington Post.
