• Dallas Fed Manufacturing Index from -10 in December.4 down to -27 in January this year.4。
• Production index from 1.2 down to -15.4。
• New Orders Index from -10.1 down to -12.5。

On January 29, the Federal Reserve Bank of Dallas released its January Dallas Fed Manufacturing Index report.。

The report showed that the Dallas Fed Manufacturing Index was up from -10 in December compared to the -23 expected by analysts..4 (Revised from -9.3) Down to -27.4。

Production index from 1 in December last year.2 down to -15 in January this year.4, while the new orders index increased from -10.1 down to -12.5。

The Dallas Fed Manufacturing Index has been in negative territory since 2022.。Currently, the index is -30 from its May 2023 hit.1 is not far off.。

The Fed will announce its interest rate decision on Wednesday, and the market is generally convinced that the federal funds rate will remain unchanged。The FedWatch tool shows that the probability of a 25 basis point rate cut by the Fed at its March meeting is 47.7%。

Dollar index steady at 103 after Dallas Fed manufacturing index report.Around 80。Treasury yields fell today, but currency traders believe the Fed may not be ready to start cutting rates in March because of the strong U.S. economy。Most likely, the weaker-than-expected Dallas Fed manufacturing index report won't change that view.。

Gold hovers near $2025 despite stronger dollar。Gold has been rocking in the $2015 to $2035 range in recent trading as traders await the Fed's decision。

S & P 500 stable around 4890 level。For now, problems in the manufacturing sector have little impact on the S & P 500, as traders focus more on AI-related stocks.。

To see all of today's economic events, check out our economic calendar。