US Richmond Fed Manufacturing Index (Feb) -10 vs. Exp. -4 (Prev. -6)

Newsquawk Staff · 24 Feb 2026, 15:20 UTC

What it means

The US Richmond Fed Manufacturing Index came in at -10, which is significantly worse than the expected -4 and a decline from the previous -6. This notable miss suggests a deterioration in manufacturing sentiment, indicating potential headwinds for economic growth and possibly affecting the Fed's policy outlook on interest rates.

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US Market Open, 28 Oct, 10:34 UTC · what it led with

NQ futures outperform following SK Hynix's upbeat earnings.
DXY flat; NZD hit after the RBNZ unexpectedly held rates steady.

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