Bitget UEX Daily Report: Strong PMI Boosts Rate Hike Expectations; Nasdaq Falls 1.13% (September 24, 2026)

U.S. economic data exceeded expectations as the September S&P Global Manufacturing PMI rose to 57.0, fueling concerns over persistent inflation and potential Federal Reserve rate hikes. The 10-year Treasury yield climbed to 5.11%, a high since 2007. Meanwhile, President Trump and President Xi Jinping are scheduled to meet in Washington to discuss trade, AI regulation, and technology export controls. In crypto markets, BTC fell 2.49% to approximately 84,316 USDT, and ETH dropped 2.87% to 2,683 USDT, as rising yields and profit-taking pressured risk assets.