U.S. economy still struggling to adjust to tariffs, S&P finds, and there’s one big danger sign
1. Trade wars' damage is easing, but businesses face tariff-related cost challenges. 2. Service companies' performance dipped to a three-month low of 53.9 in September. 3. Manufacturing sector's index fell to a two-month low of 52.0, indicating demand issues. 4. Higher inventories reported in manufacturing could signal demand deterioration. 5. Optimism prevails due to trade deals and Fed's interest rate reduction.