The US ISM Services PMI for September was released at 50, falling short of the expected 52 and matching the prior month's figure. This marks the first time since 2010 that the index has held steady, signaling stagnant activity in the service sector. Business activity contracted for the first time since 2020, with new orders declining and employment shrinking for the fourth consecutive month. Despite these challenges, inflationary pressures remain high, adding to the economic concerns.