In September, U.S. business activity stable, S&P Composite PMI at 54.4, services expansion, manufacturing at 15-month low, inflationary pressures increased.

In September, U.S. business activity remained stable, with the S&P Global Composite PMI at 54.4, indicating private sector expansion. However, inflationary pressures increased, with prices rising at the fastest rate in six months. The services sector expanded, while manufacturing fell to a 15-month low. A Federal Reserve report noted reduced wage pressures, but concerns about inflation and declining business confidence remain amid political instability.

September 23, 2024
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