The Dallas Federal Reserve Manufacturing Index fell short of what analysts had anticipated.

On October 30, the Dallas Fed Manufacturing Index report for October was released by the Federal Reserve Bank of Dallas.

The report revealed that the Dallas Fed Manufacturing Index fell from -18.1 in September to -19.2 in October, compared to the analyst consensus of -15.

The Production Index decreased from 7.9 in September to 5.2 in October, and the Capacity Utilization Index dropped from 7.8 to 5.4. Additionally, the New Orders Index declined from -5.2 to -8.8.

Following the report's release, Treasury yields moved upward towards session highs. Traders are gearing up for the upcoming Fed Interest Rate Decision, scheduled for Wednesday.

Although Treasury yields rose, the U.S. Dollar Index is experiencing some declines. It remains uncertain whether the Dallas Fed Manufacturing Index report will significantly impact the behavior of the American currency today. Traders may be focused on geopolitical events and the Fed's policy outlook leading up to the Fed meeting.

Demand for safe-haven assets decreased, causing gold to retreat below the $2000 level. Traders are expressing confidence that the conflict between Israel and Hamas will not escalate to other countries in the region.

The S&P 500 settled below the 4140 level after the Dallas Fed Manufacturing Index report release. Despite attempts by major indices to recover from recent declines, traders are exercising caution ahead of the Fed decision.