According to CoinMeta, in September, the growth rate of manufacturing in the United States accelerated again, with PMI reaching its highest level since May 2022. A surge in new orders prompted factories to significantly increase production and hire more workers, leading to a growing backlog of orders. Suppliers have also become increasingly busy, indicating that capacity is becoming tight, and companies are striving to meet the demands of consumers and businesses. This is particularly true for investment in machinery and equipment, which is related to the growth in spending on artificial intelligence. Although the continuous decline in export orders is disappointing, the increase in safety stocks, driven by concerns about prices and supply chains, continues to support demand. While this sends an encouraging signal for further growth in manufacturing capacity in the coming months, signs that demand exceeds supply also mean that inflationary pressures remain a key concern, especially with high oil prices. Factors such as accelerating economic growth, increased hiring, and rising price indicators will fuel market speculation about the Federal Reserve's upcoming further interest rate hikes.