After reporting a modest decrease in U.S. industrial production in the previous month, the Federal Reserve released a report on Wednesday showing production rebounded by much more than anticipated in the month of January.
The Fed said industrial production jumped by 1.4 percent in January after edging down by 0.1 percent in December. Economists had expected industrial production to rise by 0.4 percent.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com