US Manufacturing Index Edges Lower In September But Still Indicates Growth
The ISM manufacturing PMI edged down to 54.5 in September from 54.6 in August, continuing to indicate growth for the ninth consecutive month.
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US PCE, GDP, ADP reports: inflation cools, consumer spending strong
August PCE inflation rose 0.3% month-on-month and 3.4% year-on-year, below expectations. Core PCE rose 0.2% monthly and 3.3% annually, also cooler than predicted. Second-quarter GDP was revised up to a 2.2% annualized rate, while September private sector jobs added by ADP surged to 90,000, exceeding forecasts.