"Surprise Surge: US Manufacturing Hits Fastest Growth in March 2024"
TL;DR Summary
The US manufacturing sector has shown its strongest performance since 2022, with the Institute for Supply Management reporting a reading of 50.3 in March, marking the first expansion since September 2022, and S&P Global indicating a 22-month high in production. This growth has led to optimism among Wall Street strategists, but concerns arise as prices paid increased in both reports, posing a challenge for the Federal Reserve's inflation targets.
Topics:business#businesseconomy#economic-expansion#inflation-concerns#ism#sandp-global#us-manufacturing
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- Dollar higher after manufacturing data lowers June rate bets Reuters
- U.S. Manufacturing Grows for First Time Since September 2022 Barron's
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