A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity continued to expand in the month of August, although the pace of growth slowed by more than anticipated.
The Philly Fed said its diffusion index for current activity dropped to 17.2 in August from 24.1 in July, but a positive reading still indicates growth in regional manufacturing activity. Economists had expected the index to dip to 21.0.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.