Richmond Fed Comp. Index -17 (Forecast -5, Previous -7)
The Richmond Fed reading combined with slightly lower PMI reading for September signals probably lower inflation pressure across the US economy and higher odds of more aggressive rate cuts.
Economic Calendar: US Inflation Key for Markets — Today’s Most Important Data Release of the Week
Morning Wrap: Trump Claims Full Control of the Strait of Hormuz, but Markets Remain Skeptical
Daily Summary - Oil gains due to uncertainty, market awaits inflation data
⬆️Oil back above $88