Daily Rundown

September 1, 2026

Chart of the Day

Number of the Day

22.0

The Dallas Fed’s new orders index in August, up from 6.4 in the prior month and the highest level since February 2022

Quote of the Day

“All of our customers seem to be getting used to uncertainty. Headlines about Iran, Russia, and China don’t seem to be affecting demand as much as they did last year.”

Respondent to the August Dallas Fed manufacturing survey

Monday’s Highlight

The Dallas Fed manufacturing index (August) rose to a 19-month high 11.6 from a prior 1.3.

Quick Commentary

It was a mostly solid month for the regional manufacturing surveys, as the headline indices from the New York Fed, the Philadelphia Fed, and the Dallas Fed all showed significant improvement. Last week’s Chicago numbers were a notable exception to the trend, but the factory sector on balance still looks to be in an upswing thanks in large part to the ongoing AI boom.

Today’s Highlights

ISM manufacturing survey

Job openings

Construction spending

Daily Trivia

What is the world’s top non-sovereign holder of gold, with more than 90 million ounces in reserve as a remnant of the Bretton Woods monetary system?

(Monday’s Question: What currency did crisis-stricken Iceland consider adopting in the early 2010s due to its geographic proximity and economic similarity? Answer: Canadian dollar)