The company expects its debt-to-EBITDA ratio to edge higher when it closes on an acquisition in about 18 months, but it has time to pay down debt before then.

Private payrolls increased 99,000 in August, and the prior month's jobs gain was revised lower.

"August lulled investors into tight spreads combined with ever-strong demand for credit. Issuers can borrow at rates we haven't seen in a couple of years."

Twenty-nine companies tapped the bond market today, the busiest single day ever for the market by number of issuers.

On a three-month annualized basis, the core PCE price index advanced 1.7%, the slowest this year, reinforcing the wisdom of Fed interest rate cuts next month.

Fertility and adoption support are advantageous in attracting and retaining talent, as well as supporting employee well-being and productivity.

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This is an upward revision, reflecting stronger consumer spending on goods and services—particularly in healthcare, housing and utilities, and recreation.