Here comes Markit services PMI ...

Markit Economics will release initial results of its November survey of purchasing managers in the services sector at 9:45 a.m. ET.

Last month's final report showed that the purchasing manager's index was 54.8. Any reading above 50 indicates that the largest sector of the US economy remains in expansion.

The previous release stated that "inflationary pressures picked up since September, with average cost burdens rising at the strongest pace for 15 months."

This followed along with the increasing consumer price index and personal consumption expenditures measures of inflation which have been moving northward for a few months. Commentary from the Fed early in November also indicated the central bank is seeing these inflationary pressures in the economy.

More to come ...

NOW WATCH: Watch the trailer for the new Martin Scorsese film that took over 20 years to make

Please enable Javascript to watch this video