Reflecting a notable decrease in mining output, the Federal Reserve released a report on Tuesday showing U.S. industrial production unexpectedly edged lower in the month of March.
The report said industrial production dipped by 0.1 percent in March after inching up by 0.1 percent in February. Economists had expected production to rise by 0.2 percent.
The unexpected decrease in production came as mining output slid by 0.8 percent in March after coming in unchanged in the previous month.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.