MNI Indicators released a report on Thursday showing is reading on Chicago-area business activity unexpectedly slid into contractionary territory in the month of April.
The report said the Chicago business barometer fell to 49.2 in April from 52.8 in March, with a reading below 50 indicating contraction. Economists had expected the business barometer to rise to 55.3.
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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.