US Economic Growth Slows in January PMI: Job Market Weakness and Persistent Cost Pressures

US economic activity remained stable in January, but growth momentum significantly weakened, with a sluggish job market and ongoing cost pressures from tariffs. S&P Global's Composite Purchasing Managers' Index (PMI) reported a reading of 52.8, just above the 50 threshold for expansion, indicating slow growth. The manufacturing PMI stood at 51.9, while the services PMI was at 52.5, both below market expectations. The data suggests early signs of economic slowdown in the US. Employment indicators showed minimal growth, reflecting cautious hiring practices amid weak demand and rising uncertainty. Meanwhile, price pressures persisted, with input costs remaining elevated despite slight moderation. Analysts expect the Federal Reserve to maintain current interest rates as inflation remains above target and employment growth stays weak.