September New York Fed Services Index Falls More Than Expected

08:38 AM EDT, 09/16/2026 (MT Newswires) -- The New York Federal Reserve's services index fell to minus 8.7 in September from 0.5 in August, compared with a smaller expected decrease to a reading of minus 2.2 in a survey compiled by Bloomberg as of 6:00 am ET. The index is the first services sector reading for September and suggests a return to contraction. The business climate, employment, prices paid and wage readings all decreased in the month.