WS #16016
US Industrial Production surged +0.7% in September, exceeding expectations and unwinding recent bond market rallies. Fed Chair Warsh, speaking at the IMF, highlighted the surprising resilience of the global economy amid ongoing shocks. This data reinforces the narrative of a 'soft landing' scenario, though it may delay expectations for rate cuts. The strong macro data supports financials and industrial sectors while pressuring growth-oriented tech valuations.
Macro Resilience & Fed Policy
US Industrial Production surged +0.7% in September, exceeding expectations and unwinding recent bond market rallies. Fed Chair Warsh, speaking at the IMF, highlighted the surprising resilience of the global economy amid ongoing shocks. This data reinforces the narrative of a 'soft landing' scenario, though it may delay expectations for rate cuts. The strong macro data supports financials and industrial sectors while pressuring growth-oriented tech valuations.