US Richmond Fed Services Revenues Index (Feb) -8 (Prev. -3)
Newsquawk Staff ·
US Richmond Fed Services Revenues Index (Feb) -8 (Prev. -3)
What it means
The Richmond Fed Services Revenues Index declined to -8 from a previous -3, indicating a deteriorating outlook for service sector growth in the region. This drop may suggest weakening demand, which could impact Fed policy considerations around interest rates as it complicates the growth-inflation balance. Traders should monitor this as a potential headwind for the USD and broader risk sentiment.
- Israeli election exit poll: Netanyahu bloc 55 seats; opposition bloc 49; Arab parties bloc 16, i24NEWS reports
- Netanyahu’s Likud Party to be largest in Knesset, reports Channel 12 Exit Poll; no clear winner in Israeli election
- PREVIEW: Federal Reserve Rate Decision due Wednesday, October 28th at 18:00GMT/14:00EDT
- Atlanta Fed GDPnow Model (Q3): 3.5% (prev. 3.4%)
- US EQUITY OPEN: Indices in the green as Tech sector outperforms as earnings continue
Related headlines
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL2 hours ago
- Iranian President Pezeshkian and Russian President Putin discussed energy cooperation and trade4 hours ago
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources4 hours ago
- Iranian President Pezeshkian, at a meeting with Russian President Putin, says there is no point in hoping for the US to resolve problems in the Middle East4 hours ago
- Russian President Putin says he discussed the situation in the Middle East one-on-one with Iranian President Pezeshkian and it is a reason for concern, according to Russian press4 hours ago
- US President Trump says the US will officially ban the term "AI/Artifical Intelligence", due to inaccuracy 5 hours ago
- Israeli PM Netanyahu requests extension of voting in the legislative elections until after 10pm5 hours ago
- US President Trump says believes I will visit tanker in Texas with Venezuela oil; thinks Secretary of State Rubio will be with him; we are going to accept 1mln bbls of Venezuelan oil5 hours ago
- US President Trump on Truth says "Consumer Confidence is up 7.5%, an extremely big rise"6 hours ago
- Russian Foreign Minister Lavrov says the Ukraine conflict is likely to continue and will likely escalate. Leaders of Finland and Norway raised no new proposals.6 hours ago
- US President Trump posts "Congratulations to Lorne Doerkson on his Big Victory. Conservatives are moving strong in Canada!"6 hours ago
- Russian Deputy PM Novak says domestic refineries are bringing units back online very quickly following maintenance. Russia and the US could begin cooperating on Arctic LNG projects6 hours ago
- US Dallas Fed Services Revenues Index (Oct) 4.4 (Prev. -0.9)6 hours ago
- US Dallas Fed Services Index (Oct) 4.0 (Prev. -1.8)6 hours ago
- US Richmond Fed Services Revenues Index (Oct) 2 (Prev. 0)7 hours ago