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U.S. December Services PMI Final Value Released: 52.5. Compared to the initial value of 52.9, it has slightly declined but remains in the expansion zone. This data reflects that the U.S. service sector remains robust, despite a slight slowdown in growth.
What is the implication for the market? A PMI above 50 indicates economic expansion, which often influences the Federal Reserve's policy stance. As a key pillar of the U.S. economy, the performance of the service sector directly relates to employment, inflation expectations, and subsequently impacts the dollar's trend and global risk asset performance. As a risk asset, the crypto market is often closely linked to macroeconomic conditions.
In simple terms, the U.S. economy remains fundamentally solid, which is neutral to slightly positive for market sentiment.