Daily Rundown

October 1, 2025

Chart of the Day

Number of the Day

26.9 - Share of consumer confidence survey respondents characterizing jobs as "plentiful" in September, the smallest in 55 months

Quote of the Day

"There may be relatively little room to make additional rate cuts." - Dallas Fed President Lorie Logan

Tuesday's Highlights

Consumer confidence (September) fell by 3.6 points to a five-month low 94.2. The present situation component declined by the most in a year.

Job openings (August) edged up by 19,000 to 7.2 million. Hirings, separations, and quits all moved lower.

The Case-Shiller home price index (July) fell by 0.1 percent, a fifth straight decline, and is now up by 1.8 percent year-over-year.

Quick Summary

Government shutdowns haven't had much impact on the economy in large part because they have been generally short-lived, averaging just over two weeks across the last three decades. The shutdown in this case adds another layer of uncertainty at a time when the expansion is already on somewhat shaky ground, but it is unlikely to be a game-changer if it follows the historical trend and runs its course in short order.

Today's Highlights

ISM manufacturing survey

ADP employment

Mortgage applications

Daily Trivia

What sport drove a mini market bubble in the late 1950s and early 1960s, with one equipment maker's stock rising by nearly 1600 percent on the back of booming middle-class participation?

(Tuesday's Question: What bank's heavy use of orange in its marketing is an homage to the Dutch royal family? Answer: ING)