[FLASH] ISM manufacturing 54.5 in Sept, slight miss; prices paid jumps 6.8pts to 77.9
September ISM Manufacturing PMI printed 54.5 vs 54.6 prior and ~55 consensus; new orders 55.3 (ninth month expanding), employment 52.7, production 56.7, while prices paid rose to 77.9 from 71.1. The input-cost spike landed the same morning yields hit 24-year highs and keeps the October Fed debate alive after September's hike. Watch the ISM Services (Oct 5) prices component and Friday's average hourly earnings.