US Manufacturing Faces Persistent Slump Amidst Tariffs and Stagflation Concerns

TL;DR
US manufacturing activity slightly improved in September but remains in contraction due to ongoing tariffs and trade uncertainties, with subdued employment and new orders, prompting expectations of further Federal Reserve rate cuts to support the labor market.
- Tariffs weigh on US manufacturing in September; hiring remains subdued Reuters
- Manufacturing PMI® at 49.1%; September 2025 ISM® Manufacturing PMI® Report PR Newswire
- ‘We believe we are in a stagflation period’: U.S. manufacturers stuck in slump that shows no sign of ending MarketWatch
- US Manufacturing Activity Contracts for Seventh Straight Month Bloomberg.com
- Gold prices holding below record highs as ISM manufacturing PMI contracts for seventh straight month KITCO
Want the full story? Read the original reporting
Read on Reuters