Newsroom: Industry News
As expected, the Federal Reserve opted to not raise short-term interest rates at its September 19–20 meeting, with a hike now more likely at its December 12–13 meeting, reflecting the recent deceleration in pricing pressures.Meanwhile, the manufacturing data continue to be encouraging, especially in Europe. In the Eurozone report, there were healthy gains in both output (up from 58.3 to 59.5) and employment (up from 55.5 to 56.8). Closer to home, the IHS Markit Flash U.S. Manufacturing PMI edged up from 52.8 to 53.0, growing modestly in September. Nonetheless, the underlying data were mixed.