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The Kansas City Federal Reserve reported that the manufacturing sector expanded again in October, though the pace was slower than in September. Production, shipments, and new orders all increased but by less than in the previous month, and job growth was described as marginal. The Fed also reported that inflation in input prices accelerated, marking the worst result since June 2022.
E.J. Antoni shared these findings, highlighting both continued growth and sharp price pressures within the sector.
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Antoni has previously reported that CPI rent prices are lagging and may not reflect lower real-world rent inflation. He also noted that U.S. SPR withdrawals slowed while private oil stocks dropped by nearly 3.2 million barrels last week. These earlier reports demonstrate his ongoing focus on key price and inventory trends.