US Business Activity Holds Near Five-Year High; Prices Rise Sharply

US Manufacturing PMI Rises to 56.0; Services PMI Falls to 57.9

US manufacturing activity accelerated from 55.9 to 56.0 in October, beating forecasts, while services cooled from 58.8 to 57.9, missing expectations. Composite PMI held at 57.6. Manufacturing strength suggests demand resilience after jobless claims fell to three-month lows; traders now watch consumer sentiment and inflation expectations today to assess whether demand can sustain price pressures heading into the Fed's inflation pivot.

https://x.com/LiveSquawk/status/2113627956010500480

US Composite PMI Falls to 57.6 from 58.4

US S&P Composite PMI eased to 57.6 in flash reading, down from 58.4 previously but matching consensus. The decline signals moderating activity across manufacturing and services. USD sensitivity hinges on whether this feeds Fed rate-cut expectations; PCE inflation remains the policy hinge.

https://x.com/financialjuice/status/2113627879506411659

US Manufacturing PMI Rises from 55.9 to 56.0 Flash

US S&P Manufacturing PMI flash estimate rose to 56 from 55.9, beating the 55.5 forecast. The expansion signals continued factory activity strength. USD pairs may see modest upside; manufacturing resilience supports the Fed's patient stance on rate cuts amid sticky inflation.

https://x.com/financialjuice/status/2113627868949631468

US Services PMI Falls from 58.8 to 57.9 in Flash

US services activity slowed to 57.9 from 58.8, missing the 58 forecast. The decline signals softening demand in the largest US sector, feeding the Fed's inflation assessment as jobless claims have held steady. Traders watch UoM consumer sentiment and inflation expectations later today for confirmation of demand strength.

https://x.com/financialjuice/status/2113627855821095151

US Manufacturing PMI Hits 53-Month High; Inflation Pressures Accelerate

US manufacturing PMI jumped to 56.0, a 53-month peak, while composite PMI edged down to 57.6 from 58.4. Selling prices rose at their fastest pace since August 2022, signaling renewed inflation despite resilient 5% annualized growth. USD strength likely as inflation concern complicates Fed rate-cut narrative; traders now await UoM inflation expectations and revised consumer sentiment today.

https://x.com/DeItaone/status/2113628466058813866