New data Dallas Fed Services Index (Sep)
10/1/2024
actual -2.6, previous -7.7
The Dallas Fed Services Index measures the business activity in the services sector in the Dallas Federal Reserve district. A negative value indicates a contraction in the sector, while a positive value indicates expansion.In this event, the Dallas Fed Services Index for September came in at -2.6, which was better than the previous reading of -7.7. This suggests that there was an improvement in business activity in the services sector in the Dallas area compared to the previous month.
While the actual value of -2.6 was below the estimated value of -4, the positive change from the previous month indicates some positive momentum in the sector. However, since the impact of this event is considered low, it may not have a significant effect on the overall market sentiment.
This is not investment advice. Remember to verify the information provided here.
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