Shane Oliver(@ShaneOliverAMP):US services ISM strong at 55.4, but prices paid up Initial jobless claims +2k and remaining low Final Q2 productivity growth +1.4%annualised or 2.2%yoy leaving unit labour costs up 1.4%yoy which is easily consistent with the 2% inflation target. (EvercoreISI & Bloomberg charts)

Shane Oliver

@ShaneOliverAMP

Head of Inv Strategy & Chief Economist, AMP. Into boats, pop music, economics, investing, my family..& being nice. I don’t solicit funds/spruik trading schemes

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Shane Oliver@ShaneOliverAMP

2026.09.03 22:11

US services ISM strong at 55.4, but prices paid up Initial jobless claims +2k and remaining low Final Q2 productivity growth +1.4%annualised or 2.2%yoy leaving unit labour costs up 1.4%yoy which is easily consistent with the 2% inflation target. (EvercoreISI & Bloomberg charts)