Latest / Markets with Megan: A Quick Financial Markets Update
New Orders Surge, Costs Rise | S2 E093 | 11-05-25
The October ISM Services index is back in expansion territory—coming in above 50—with six out of ten categories rising and new orders leading the charge (likely boosted by data-center demand in the commentary). Business activity jumped, employment is still in contraction but improved, and we’re not seeing shrinking headcount alongside a backlog—hinting at some labor-market equilibrium.
The catch: prices paid just moved to their highest level since October 2022. That’s the inflation channel the Fed watches closely. With ADP showing a modest October improvement and the labor market not…
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