MarketsHighCorroborating
8.5
Strong US PMI lifts Fed rate hike expectations, boosts dollar
Dagens IndustriLO·US·about 6 hours ago
S&P Global's flash US Composite PMI jumped to 58.4 in September from 56.0, indicating accelerating private-sector growth. The beat suggests the US economy remains resilient despite tightening financial conditions, potentially complicating Fed easing expectations. Markets may reprice rate-cut odds as growth data stays strong.