ISM Oct 2026: factories expand — PMI 55.5; Prod highest since Nov 2021; Prices 75.2 from 77.9 (slower). RateWatch Dec hike 77.3% (2:13 PM ET).
December fed rate hike odds: 76.3% hike / 23.7% hold / 0% cut as of 8:49 AM ET Mon Nov 2 (FatTail calc from CME fed funds futures). Five prints this week test that. Moves with every futures tick.