‘These tariff wars are beginning to wear us out” — U.S. manufacturers contract for sixth month in a row, ISM finds
1. Industrial production declined for six consecutive months in August. 2. ISM manufacturing index rose slightly but remains below 50%, indicating contraction. 3. Trade wars are affecting American manufacturers, causing uncertainty in the market. 4. U.S. stock market reached new highs, but economic growth is sluggish. 5. Federal Reserve may reduce interest rates, though impact is uncertain.