Slew of Data Supports a Soft Landing in the US Economy
Monday, 30 September 2024, 03:00
Key Economic Indicators and Their Implications
The upcoming ISM manufacturing PMI, scheduled for release on Oct. 1, is projected to hit 47.6, a modest rise from 47.2 in August. This figure remains below the pivotal 50-point threshold that separates economic contraction from expansion. Furthermore, the non-manufacturing PMI on Oct. 3 is crucial for gauging service sector performance.
Anticipated Trends and Market Reaction
- Experts suggest that a PM above 50 could indicate economic recovery.
- Market analysts are closely monitoring these indicators for hints of a potential soft landing.
- The data may strengthen confidence among investors and policymakers alike.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.