Daily brief: September 2, 2026
One release in the September 2, 2026 editor's cut: Factory orders rose 0.9 percent in July to $663.6 billion. Each has its own page. 3 further items below.
On their own pages
Williams says wait and see on whether further rate action is needed
New York Fed President John Williams told CNBC's Squawk Box that "we have to wait and see" whether current policy is "sufficient to make sure we bring inflation back to target in the next year or two, or whether you need to see further action to do that." He said the recent rise in Treasury yields reflected "a strong U.S. economy and a strong economic outlook fueled by big investments in AI and data centers and technology in general," and that it is "more about the economy affecting financial conditions." CNBC cited CME Group pricing around a 66 percent chance of a rate increase at the September 15-16 meeting.
- CME FedWatch chance of a September rate increase, as reported by CNBC
- 66%
Source: New York Fed's Williams says yield surge due to strong economic prospects — CNBC. Also: Fed's Williams ties rising bond yields to strong economy, CNBC reports.
all 1 figure found at the source
- found CME FedWatch chance of a September rate increase, as reported by CNBC = 66% — at CNBC
ADP private payrolls rose 38,000 in August
ADP Research said private-sector employment increased by 38,000 jobs in August. The July gain was revised to 46,000 from 44,000. CNBC cited a 47,000 consensus. Education and health services added 45,000 jobs; manufacturing declined by 17,000 and professional and business services declined by 16,000. Establishments with 500 or more employees added 34,000. Median base pay rose 3.2 percent from a year earlier; base pay for job-stayers rose 3.0 percent.
- Private payrolls, monthly change
- 38,000
- July private payrolls, revised monthly change
- 46,000
- Education and health services, monthly change
- 45,000
- Manufacturing, monthly change
- -17,000
- Professional and business services, monthly change
- -16,000
- Establishments with 500 or more employees, monthly change
- 34,000
- Median base pay, year-over-year
- 3.2%
- Job-stayer median base pay, year-over-year
- 3%
Source: ADP National Employment Report: Private-Sector Employment Increased by 38,000 Jobs in August — ADP. Also: ADP National Employment Report (PR Newswire).
all 8 figures found at the source
- found Private payrolls, monthly change = 38,000 — at ADP
- found July private payrolls, revised monthly change = 46,000 — at ADP
- found Education and health services, monthly change = 45,000 — at ADP
- found Manufacturing, monthly change = -17,000 — at ADP
- found Professional and business services, monthly change = -16,000 — at ADP
- found Establishments with 500 or more employees, monthly change = 34,000 — at ADP
- found Median base pay, year-over-year = 3.2% — at ADP
- found Job-stayer median base pay, year-over-year = 3% — at ADP
Beige Book: activity increased modestly in 10 of 12 Districts
The Federal Reserve's Beige Book, released September 2 and based on information collected on or before August 24, said economic activity increased modestly since early July. Ten of the twelve Districts reported growth in the slight to moderate range; two Districts reported no change. Employment rose very slightly overall, with three Districts showing modest gains, four slight gains, and five no change. Prices increased moderately in eight Districts. The report said the general outlook for the coming months was positive, with contacts reporting heightened uncertainty surrounding the effects of higher energy prices, policy, and international conflict.
- Districts reporting slight-to-moderate growth
- 10
- Federal Reserve Districts
- 12
- Districts reporting no change in activity
- 2
- Districts reporting modest employment gains
- 3
- Districts reporting slight employment gains
- 4
- Districts reporting no change in employment
- 5
- Districts reporting moderate price increases
- 8
Source: Beige Book National Summary, September 2026 — Board of Governors of the Federal Reserve System. Also: Beige Book Report: National Summary | September 2026.
all 7 figures found at the source
- found Districts reporting slight-to-moderate growth = 10 — at Board of Governors of the Federal Reserve System
- found Federal Reserve Districts = 12 — at Board of Governors of the Federal Reserve System
- found Districts reporting no change in activity = 2 — at Board of Governors of the Federal Reserve System
- found Districts reporting modest employment gains = 3 — at Board of Governors of the Federal Reserve System
- found Districts reporting slight employment gains = 4 — at Board of Governors of the Federal Reserve System
- found Districts reporting no change in employment = 5 — at Board of Governors of the Federal Reserve System
- found Districts reporting moderate price increases = 8 — at Board of Governors of the Federal Reserve System
2 further items were researched for this day and held back: their figures could not be found at the named source by the automated pass, so they are not published here.
Items report what the named sources published in the window; they are not this site's own findings, and a source's framing is not a verdict on who owns the money supply. Figures are as those sources printed them. The methodology says how this page is made and what is checked.