US October flash S&P Global PMI showed Composite at 57.6, Services at 57.9, and Manufacturing at 56.0 (a 53-month high), with GDP growth tracking roughly 5% annualized and selling prices rising at the fastest pace since August 2022.

Bloomberg10/23, 08:47 PM

Figures as quoted by Bloomberg

Market impact

Which way this story pushes each asset. An inference from the story, not a measured move.

US10Y
Pushes up
DaysMedium confidence
Faster selling-price inflation and strong growth reduce near-term Fed cut odds, supporting yields
USD
Pushes up
DaysMedium confidence
Reduced odds of near-term Fed easing from firm growth and inflation data tend to support the dollar

What could change this

If the Fed looks through this print and treats the services slowdown as the dominant signal, the yield and dollar support could fade.

101.75+0.12%vs previous close

0.00%

since this story

Measured from the price when this story was posted to the latest stored price, so it can lag the live price.