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.
Daily Summary: Wall Street Stabilizes Despite Higher Oil Prices
Cocoa loses 5% amid rising inventories on ICE
Oil gains 3% amid US - Iran escalation and supply disruption on the Black Sea
🔼 Gold gains 1.7%