Musalem: More Policy Tightening Necessary to Lower Inflation
St. Louis Fed President Musalem said more monetary tightening is needed to bring inflation back to target, with the economy strong and job market balanced.
39 min ago7 min read
US services PMI surges to 58.7 in September, beating expectations
US September flash services PMI rose to 58.7, beating the 56.0 forecast. Manufacturing PMI jumped to 57.0.
23/09/2026 14:012 min read
- The services index previously came in at 56.8.
- Manufacturing activity registered 57.0, versus an expected 53.6.
- The prior manufacturing reading had been 53.2.
- The composite index reached 58.4, compared with 56.0 last month.
The data represents a substantial increase, reinforcing the Federal Reserve's rate increase and hawkish policy stance. All three measures are at five-year highs.
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