Latest / Markets with Megan: A Quick Financial Markets Update / The Fed is Watching This Inflation Signal | S2 E091 | 11-03-25

Transcript

The Fed is Watching This Inflation Signal | S2 E091 | 11-03-25 · Markets with Megan: A Quick Financial Markets Update

• 0:00
  SPEAKER_00: No surprise, but the manufacturing sector of the economy is still under pressure.
• 0:04
  SPEAKER_00: Hello, it is Monday, November the 3rd, and this is Markets with Megan.
• 0:08
  SPEAKER_00: If you like this podcast, please subscribe, hit that alarm bell.
• 0:11
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• 0:14
  SPEAKER_00: We're here today to break down some of the economic data, and we're still in what is about to cross over as the longest government shutdown on record.
• 0:23
  SPEAKER_00: But we do get private economic data, and we got the Institute for Supply Management's survey on in manufacturing for the month of October.
• 0:31
  SPEAKER_00: And unfortunately, it came in weaker than expected.
• 0:34
  SPEAKER_00: We saw a weakness not only at the production side, but also in the inventories.
• 0:39
  SPEAKER_00: We also saw what's considered a negative, but actually could be a little bit of positive news for the Fed.
• 0:45
  SPEAKER_00: It's the prices paid component.
• 0:48
  SPEAKER_00: It's still elevated, it's still showing inflation pressures are there, but it did slip in the month of October.
• 0:54
  SPEAKER_00: It fell the most, and that's what led to some of this decline in the index itself.
• 1:00
  SPEAKER_00: But it's now sitting at the lowest level that we've had all year.
• 1:03
  SPEAKER_00: Actually goes back to December of 24 before we had a lower level.
• 1:07
  SPEAKER_00: But this is something that would the Fed may look at as far as tariffs.
• 1:11
  SPEAKER_00: Are they having any impact?
• 1:13
  SPEAKER_00: And it looks as though in this data that it's really not having the inflationary pressures as some may have anticipated.
• 1:20
  SPEAKER_00: We're also seeing from the positive side that the new export orders were higher.
• 1:24
  SPEAKER_00: And then we're looking, though, maybe some supply chain disruptions here.
• 1:28
  SPEAKER_00: We'll look at these going forward.
• 1:30
  SPEAKER_00: It's just one month.
• 1:31
  SPEAKER_00: We'll, we don't like to take one month of data as a trend, but we saw an uptick in the backlog of orders as well as delivery times.
• 1:39
  SPEAKER_00: So these are some of the things we watched very closely during the pandemic.
• 1:42
  SPEAKER_00: We'll keep an eye on these as well as we go forward.
• 1:45
  SPEAKER_00: We'll be back again with some more economic data or market moving events.
• 1:49
  SPEAKER_00: So let's hope this government shutdown can end sooner because we want to come back on these regular podcasts and get a better uh picture of what's truly going on in the economy.
• 1:59
  SPEAKER_00: Thank you again.
• 1:59
  SPEAKER_00: If you want a history of our podcast, you can go to marketswithmegan.fm.