November preliminary Markit US services PMI 54.7 vs 54.8 expected

November preliminary Markit services PMI
– Ninth consecutive month of expansion
– Prior was 54.8
– New orders 55.5 vs 54.2 prior
– New orders highest since Nov 2015
There is plenty of good news here but the inflation pressures are still low. Then again, inflation is a lagging indicator so the solid numbers otherwise should filter through.