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US manufacturing strengthened in October — but the inflation figures within the report are what have markets on alert.

The facts: The ISM Manufacturing PMI rose to 55.5 in October from 54.5 in September, above forecasts of 54.5–54.7. Reuters reported on Nov. 2 that new orders edged up to 55.5 from 55.3, while prices paid for inputs remained elevated at 75.2 — down from 77.9, but still well above levels consistent with the Fed’s inflation target. The ForexFactory calendar confirms the same headline figure: actual 55.5.

My take: It’s a mixed signal. Continued manufacturing expansion supports sentiment, but still-elevated input prices make rate-cut hopes harder to sustain — and that usually weighs on risk assets. So far, BTC’s reaction has been muted: around $77,950 tonight, below the roughly $78,800 it briefly touched this morning.

What I’m watching next: tomorrow’s US election, Wednesday’s ISM services data, and Fed officials’ tone this week — will price pressures also ease in the services sector?

What do you think: does data this strong help BTC through improved economic sentiment, or hold it back because of interest-rate expectations?

This is my analysis, not financial advice — always DYOR.

#EkonomiAS #Manufaktur $BTC