ISM Services PMI came in at 54.0 , slightly below forecast but still firmly in expansion territory.

The real surprise was employment: Services hiring jumped to 51.2 (vs 48.2 expected). The services sector is adding jobs aggressively despite Friday’s weak payrolls miss.
Services prices held steady at 67.7, still elevated and sticky.
Remember, services represent 77% of US GDP. It’s still growing, still hiring, and still passing on higher prices.
So nothing wrong in economy.