Widest Gap Ever Between Manufacturing & Services

<p>A weaker job picture may help central banks, who have voiced concerns about tight labor markets and strong wage growth sustaining inflation pressures, notes Jeffrey Kleintop. He discusses how futures are lower as debt ceiling talk begins. He talks about how the Fed Senior Loan Officer Survey shows tighter credit and weaker business loan demand. He notes how tighter credit standards are impacting the job market, as well as what to expect from global central bank rate hikes. He then goes over the gap between manufacturing and services. he highlights that the gap between the services and manufacturing purchasing managers’ indexes is the widest ever. Tune in to find out more about the stock market today.</p>