A post by @DeItaone on X.

US manufacturing activity topped forecasts in October, with the ISM Manufacturing PMI rising to 55.5 versus the 54.5 consensus and September's 54.5 reading. New Orders came in at 55.5, up slightly from 55.3 previously, signaling continued demand strength. Employment held in expansion at 52.4, above the 52.0 expected though down from 52.7, while the Prices Paid index fell to 75.2 from 77.9, beating expectations of 77.5 and pointing to easing input cost pressures. The combination of resilient growth and cooling price pressures is significant for markets betting on the Federal Reserve's policy path, as softer inflation at the factory gate could reinforce expectations for rate cuts. Traders will watch whether the price relief persists in upcoming inflation data and whether new orders momentum carries into next month's reading.