The U.S. S&P Global Composite PMI came in at 53.0 for December, missing expectations of 53.9 and marking a notable decline from November's 54.2 reading.

This miss signals a deceleration in economic momentum heading into year-end. While the index still sits above the 50-point expansion threshold, the deteriorating trend suggests growing caution among business managers. The gap between the actual and previous readings is particularly telling—a 1.2-point drop month-over-month indicates softening activity across both manufacturing and services sectors.

For crypto traders, macro data like this matters. Softer economic signals often trigger risk-off sentiment in markets, potentially pressuring risk assets. Keep an eye on whether this cooling continues into the new year—it could reshape expectations around monetary policy and overall market risk appetite.