The new "headwind" of the US economy is approaching!

JIN10
2024.09.24 08:59
portai
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The latest data shows that the U.S. economy is heading towards strong growth in the third quarter, despite potential "headwinds" in manufacturing and price pressures. The composite PMI index for September was 54.4, slightly lower than August's 54.6, with economists expecting it to drop to 54.3. Both the services PMI and manufacturing PMI show signs of slowing down, especially with the manufacturing PMI dropping to a 15-month low of 47. The pace of price increases is accelerating, which may raise concerns about inflation. Federal Reserve Chairman Powell stated that the economic conditions are good, inflation is declining, but attention needs to be paid to future economic output