US PMI Data Blows Past Expectations: Composite Index Rises to 58.4
The US S&P Global composite PMI index rose from 56.0 in August to 58.4; the manufacturing PMI climbed to 57.0, above the market forecast of 53.6 and the prior reading of 53.9, while the services PMI rose to 58.7, above the forecast of 56.0 and the prior reading of 56.5. S&P Global Chief Business Economist Chris Williamson said US business continued to grow and output rose at its fastest pace in more than five years, while noting that the marked rise in input costs stood out as a factor that could make the Fed's fight against inflation harder.
Dollar at Its Highest Level Since July 30: Bond Yield Tops 5%
On the back of the strong PMI data and hawkish comments from Fed officials, the Dollar Index (DXY) rose to its highest level since July 30, near 101.00. Over the same period, the 10-year US Treasury yield also rose above the 5% threshold, pointing to strong growth and continued rate-hike expectations being reflected in pricing.
Gold Steady Under Pressure: Ounce Near $4,314
Gold remained under pressure against the strengthening dollar and rising bond yields, holding near ounce levels of around $4,314, close to Wednesday afternoon's levels. The Fed hawkish perception, reinforced after the strong PMI data, is limiting attempts at a recovery in the precious metal.
Ekonomik Takvim | 21-27 September 2026
🇺🇸 24 September 2026, 15:30 (TSİ)
US Weekly Jobless Claims
The US Department of Labor's weekly jobless benefit claims data will be released at 15:30 (TSİ); the data will provide an up-to-date gauge of labor market strength and could affect expectations for the Fed's rate path.
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