Dallas Fed Manufacturing Index declines sharply, indicating downward pressure on the U.S. economy

The Dallas Fed Manufacturing Index fell sharply in March, dropping from -8.3 in February to -16.3, below the market expectation of -12, indicating a deterioration in Texas manufacturing activity and ongoing economic downward pressure. Although the new orders index saw a slight rebound and the raw materials prices paid index increased, indicating persistent cost pressures. The Chicago PMI index improved, the dollar index rose, and the market is focused on the impact of manufacturing data on Federal Reserve policy. The S&P 500 index in the U.S. stock market fluctuated and rebounded, with significant market volatility