US Business Activity Cools in October as Demand Fuels Price Pressures
S&P Global said its flash US Composite PMI Output Index showed business activity slowed modestly in October, while robust demand allowed companies to raise prices for goods and services. The report said inflation could rise further and remain persistently high in the coming months.
U.S. business activity eased modestly in October, while strong demand enabled companies to increase prices for goods and services. The combination suggests inflation could rise further and stay persistently high in the coming months. S&P Global said on Friday that its flash U.S.
Composite PMI Output…