US Chicago PMI (Jan) 54.0 vs. Exp. 44 (Prev. 43.5)

The Chicago PMI for January came in at 54.0, significantly above expectations of 44 and higher than the previous reading of 43.5.

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US Chicago PMI (Jan) 54.0 vs. Exp. 44 (Prev. 43.5)

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This strong print suggests improving manufacturing conditions, which could weigh on expectations for accommodative policy moving forward and indicate positive momentum in the economy.

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