U.S. Economy
US S&P Global Manufacturing PMI Final (Sep) 55.9 vs Exp. 57.0 (prev. 53.9)
StockNow breaking-news AI analysis
The September U.S. manufacturing PMI final reading was 55.9, below expectations but above the prior reading; the source reports stretched capacity and says growth, hiring and price gauges could add to rate-hike speculation.
News detail
“Order book backlogs are rising and suppliers are increasingly busy, pointing to stretched capacity as companies struggle to meet demand across both consumer-facing and business sectors." “The combination of accelerating growth, increased hiring and elevated price gauges will add to speculation of a further imminent rate hike from the FOMC.”
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