Jan 1 Services Index Remains Unchanged: Fed Data Released Feb 4

The Federal Reserve’s most recent reading of the U.S. Services Index for January showed no change at 103.1, seasonally adjusted. The index, published on February 4, 2026, measures the level of economic activity in the services sector, which accounts for about 80% of U.S. GDP. The reading aligns with expectations of continued softness in services demand, suggesting inflationary pressures may moderate but at a gradual pace. The index is compiled by the Federal Open Market Committee’s Beige Book.