AI Data Insight
The latest Q3 2026 data shows that the US ISM Services New Orders Index for August surged to 60.9, significantly exceeding the previous value of 57.2 and demonstrating strong expansion momentum. Although both orders and business activity climbed higher, the employment index remained below the boom-or-bust line for the second consecutive month, while prices paid rebounded to 72.6, highlighting inflation concerns. In the short term, this contradictory phenomenon of "hot demand, cold hiring" will influence the Federal Reserve's interest rate cut pace and the trajectory of US Treasury yields before the end of the year.