April 14, 2023
Breaking: US Industrial Production Above Expectations
US, Industrial Production for March.
- Actual: +0.4% MoM. Expected: 0.2% MoM. Previous: 0.0% MoM
Higher than expected data suggests that US economy is still strong which increases the probability that the Fed will continue rate hikes at the next meeting. On the other hand, recent publications proved a mixed sentiment in US economy, which indicates that the US economy has at least slowed down the growth.
US500 Index is consolidating in the resistance range between 4160-4180 points and currently is testing lower level at 4160. After IP publication no significant moves has occured.