ISM Manufacturing Index Triggers Market Adjustments Amid Employment Data Focus

According to Odaily, 10x Research has highlighted in its market analysis that while most attention is on U.S. employment data, the ISM Manufacturing Index has caused a 10% market adjustment in the first week of each of the past three months. Despite this, employment data plays a crucial role in shaping market sentiment. Weak employment data has heightened recession fears and increased expectations for Federal Reserve rate cuts, whereas stronger employment data reassures investors about the resilience of the U.S. economy compared to what the ISM Manufacturing Index suggests. The ISM Index may accurately reflect economic conditions, but the market has been interpreting employment data through the lens of lower inflation, which is expected to provide the Federal Reserve with more room for aggressive actions. In July of this year, it was emphasized that the ISM might signal the end of the Bitcoin cycle. The ISM data, set to be released at 10 AM Eastern Time on October 1, will be crucial for assessing the U.S. economic outlook.