Latest / Markets with Megan: A Quick Financial Markets Update
Supply Chain Stress Is Back in Services | S3 E172 | 10-05-26
The September ISM Services Report showed the service sector, where Americans spend most of their money, ending the third quarter on a softer note. Megan Horneman explains why business activity and new orders slipped while the prices paid component jumped to its highest level since July 2022.
Supply chain pressure tied to the war with Iran, along with tariffs and high fuel costs, is showing up in industries from construction to agriculture. Bond yields rose on the report, and the data likely won't change the Fed's October decision but does raise the odds of another hike in December.
In this…
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