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Monday, October 5, 2026· Live edition ·Updated 11:56 PM ET
Interest rates, inflation, jobs and the Federal Reserve. 7 stories in the last three days.
AI Spending
Corporate purchases of computer hardware hit an all-time high of $420.1 billion annualized in the second quarter, rising 5.1% from the previous period. This spending supports artificial intelligence infrastructure and contributed to economic expansion.
Private Credit
The Federal Reserve is reviewing the private credit market after rising concerns about the sector.
Treasury Yields
The benchmark bond rate climbed to a peak not seen in over two decades as trading opened. Market participants are now focused on upcoming Federal Reserve meeting minutes.
ISM Services
The ISM services index fell to 54.9 in September from 55.4, missing the 55.0 estimate. Prices paid climbed to 74.0, while new orders and employment both declined.
Pmi
The S&P Global U.S. services PMI rose to 58.8 in September from 58.7, beating the 58.7 forecast. The composite PMI held at 58.4, matching both the prior reading and expectations.
Canada Economy
Canada's S&P Global services PMI rose to 48.3 in September from 46.8 in August, while the composite index climbed to 48.7 from 46.8. Both figures stayed below the 50 mark that separates expansion from contraction.
Consumer Spending
Household interest expenses hit $604 billion per year, accounting for 2.5% of take-home pay, compared with 1.5% in 2021. Consumer sentiment sank to 81.9 in September, the weakest reading since 2014, while the savings rate fell to 4.1%.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.