S&P Global US Manufacturing PMI hits 56.0 in October, beating the 55.5 consensus by half a point
US manufacturing PMI hit 56.0 in October, the highest since May 2022. The Street expected a dip. Factory hiring was the strongest since March 2012.
Hard for me to see a rate cut case going into the Fed on Wednesday.
What matters more to you this week, the Fed or $MSFT and $GOOGL earnings?
https://x.com/KobeissiLetter/status/2114113892385464685
Sources: @LukasVorpp: Manufacturing PMI 56.0, consensus expected a 0.4 point decline; services PMI fell 0.9 to 57.9 · X story: Markets gear up for Fed decision Oct 28, Alphabet and Microsoft earnings and PCE inflation data week
Not financial advice. For informational and educational purposes only.
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