China PMIs preview: official manufacturing seen back above 50 before holiday

*fed's Williams: One More Rate Hike May Be Needed In Late 2026 Fed's Williams: The Fed must make sure high inflation does not become entrenched. Williams: Unwavering Dedication Good afternoon. It’s a pleasure to be back at the University at Buffalo. During my tenure as President of the New York Fed, I’ve enjoyed and learned so much from my trips to Western New York—including a “virtual visit” during the pandemic. And while I’m pleased to be here in person today, I just can’t seem to get my timing right. I missed Wing Fest. I couldn’t make the Lucille Ball Comedy Festival. And I didn’t even arrive in time to join the table-slamming at the tailgate on Sunday. At least I’ve gotten the other aspects of my itinerary down, because an important part of my job is to meet with business, community, and civic leaders from throughout the Federal Reserve’s Second District to learn more about our local and regional economies. And I always enjoy meeting with students. I’d like to thank the economics and management students here at UB for hosting me for lunch. Our in-depth conversation reminded me that there’s a lot of interest in what’s going on in the economy. So, I won’t try out new comedy routines or opine on sports; instead, you get to hear me discuss two of my other favorite topics: the U.S. economy and monetary policy. This is as good a time as any to give the official disclaimer, which is that the views you will hear today are mine alone and do not necessarily reflect those of the Federal Open Market Committee (FOMC) or others in the Federal Reserve System. The U.S Economy

China's official manufacturing PMI data rose to 50.1 in September, coming in line with expectations (market: 50.1, ING: 50.1). This was the first time in three months that this survey has been above the 50-threshold demarcating expansion and contraction. Looking at the subindices, the production subindex rose to 51.7, the highest level of 2026. New orders ...

China’s factory activity returned to growth in September as a deepening economic malaise prompts policymakers to ramp up stimulus steps and bolster growth. The official manufacturing purchasing managers’ index rose to 50.1 from 49.8 in August, National Bureau of Statistics data showed Wednesday, in line with analysts’ forecast for a modest expansion of 50.1 ...