Key Insights
- Dallas Fed Manufacturing Index decreased from -18.1 in September to -19.2 in October.
- New Orders Index pulled back from -5.2 to -8.8.
- SP500 declined from session highs as traders remained cautious ahead of the Fed decision, which will be released on Wednesday.
On October 30, the Federal Reserve Bank of Dallas released Dallas Fed Manufacturing Index report for October.
The report indicated that Dallas Fed Manufacturing Index declined from -18.1 in September to -19.2 in October, compared to analyst consensus of -15.
Production Index declined from 7.9 in September to 5.2 in October, while Capacity Utilization Index decreased from 7.8 to 5.4. New Orders Index declined from -5.2 to -8.8.
Treasury yields moved towards session…
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