With steep drops in manufacturing and mining output more than offsetting a sharp increase in utilities output, the Federal Reserve released a report on Tuesday showing an unexpected slump in U.S. industrial production in the month of February.
The Fed said industrial production tumbled by 2.2 percent in February after jumping by an upwardly revised 1.1 percent in January.
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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.