US factory activity keeps growing in September as price pressures rise

Trading Economics reports September’s ISM manufacturing index slipped to 54.5 from 54.6, while new orders and employment improved and its prices index climbed to 77.9. The Fed’s September projections showed 16 of 18 participants saw at least one more quarter-point hike as appropriate by year-end. Kalshi said on October 1 that rates were projected to hold in November; another commentator described a hold-or-hike dilemma.