Reported 6 days ago
In light of the recent economic indicators, including the September ISM Manufacturing PMI and Job Openings data, economists warn that the uncertainty surrounding the upcoming presidential election is creating a 'soft patch' in the economy, with companies pausing spending and hiring. S&P Global's Chris Williamson highlights that while the immediate outlook appears cautious, there is growing confidence for the future, potentially opening doors for Federal Reserve rate cuts.
Source: YAHOO