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US Manufacturing Contracts In September, Raising Questions About Fed's Next Move On Interest Rate Cuts

Benzinga ·  Oct 1 22:39

Economic data released Tuesday brought the latest insights for the U.S. manufacturing sector, drawing attention to how the Federal Reserve may respond to these developments.

Meanwhile, U.S. job openings data for August released on Tuesday indicated that openings remained steady, with hires and separations showing little change.

Markets now turn to key reports later this week, including the ADP employment change for August on Wednesday and Friday's non-farm payroll, unemployment, and wage growth reports.

Two manufacturing activity indicators have been released, showing the following values:

  • The S&P Global U.S. Manufacturing PMI was confirmed at...
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