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Business > Foreign Business
US industrial production comes in hot in May
By Agence France-Presse
Jun 20, 2024 12:06 am
The data suggest the manufacturing sector staged something of a rebound last month, despite the Fed's decision to hold interest rates at a 23-year high to tackle inflation, which has taken a toll on the manufacturing sector.
The US central bank recently dialed back the number of rate cuts it has penciled in this year from three to one, as progress against inflation stalled in the first quarter.

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