Dallas Fed Services Index Indicates a Return to Contraction in September

10:41 AM EDT, 09/29/2026 (MT Newswires) -- The Dallas Federal Reserve's monthly general business services index fell to a reading of minus 1.8 in September from 4.2 in August, compared with expectations for a smaller decrease of 2.3 reading in a survey compiled by Bloomberg as of 7:25 am ET. There were declines in the readings for revenue, wages and hours worked but gains in readings of employment, selling prices, input prices and capital expenditures. The index indicated contraction which is in line with the readings form New York Fed and Philadelphia Fed but in contrast with the Richmond Fed and Kansas Fed readings that suggested neither expansion nor contraction. The S&P Global flash index suggested expansion.