National

US factory production rebounds from weather-induced slump

WASHINGTON (Reuters) — Production at U.S. factories increased more than expected in February amid a rise in temperatures, but data for the prior month was revised sharply down as manufacturing remains hamstrung by high interest rates. Manufacturing, which accounts for 10.3% of the economy, has been…
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Dollar advances as US inflation data weighs on rates outlook

SINGAPORE (Reuters) — The dollar was firm on Friday and set to snap a three-week losing streak as hotter-than-expected U.S. inflation data stoked worries about when and by how much the Federal Reserve would start cutting interest rates this year. Data on Thursday showed the U.S. producer price inde…
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