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.
Mexico's Economic Minister says there's no doubt that the USMCA will survive
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US Chicago PMI (Jan) 54.0 vs. Exp. 44 (Prev. 43.5)
House GOP leaders will delay their call to 16:30EST, as the Senate struggles to pass the funding deal, via Politico
Greece has reportedly cautioned shipowners to stay away from Iran's coast where possible, Bloomberg reports citing advisories; direction is to sail closer to the UAE and Oman when transiting the Strait of Hormuz
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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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