US services sector momentum is picking up steam. December saw the Services PMI jump to 54.4, climbing from November's 52.6—the strongest reading we've seen in over a year. That's pretty solid. But here's what caught attention on the inflation side: the prices component ticked down to 64.3, still elevated but showing some give. It's a modest relief signal for those tracking inflation pressures, though the sub-index remains elevated relative to historical norms. Overall, the data paints a picture of a robust service economy with early signs of pricing moderation.