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The Marked Chart Wire · Economy and the Fed

PMI

US Manufacturing PMI final reading falls to 54.9

The final S&P Global US Manufacturing PMI came in at 54.9 for the period, below the forecast of 56 and down from the previous reading of 56.0.

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Economic Data

Construction spending falls more than expected

US construction spending dropped 1.9 percent in the latest month, missing the 0.3 percent gain analysts had forecast. The ISM manufacturing prices paid index also came in below expectations at 75.2.

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