US Philadelphia Fed Manufacturing Index (Jan) 12.6 vs. Exp. -2 (Prev. -8.8, Rev. -10.2)
The Philadelphia Fed Manufacturing Index reporting at 12.6 indicates a significant beat against expectations of -2, marking a strong rebound from the previous month's -8.8.
Fed's Goolsbee (2028 Voter) says he's not surprised by low initial jobless claims numbers; Chicago Fed data showed stability in the labour market
US CPC says a transition to ENSO neutral conditions likely early 2026
US Philadelphia Fed Manufacturing Index (Jan) 12.6 vs. Exp. -2 (Prev. -8.8, Rev. -10.2)
Argentina's Economic Minister announces that they have approved USD 665mln gold mining project for Minas Argentina's under RIGI Scheme, via sources
US Republican Hill spoke to Fed's Powell after subpoenas; Fed and House Financial Services Committee working on data of Powell semi-annual testimony
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This unexpected strength suggests improving manufacturing activity, which could have positive implications for economic growth and might influence the Federal Reserve's outlook on policy, especially regarding future rate decisions.
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