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US Manufacturing Steady as Costs Gauge Hits Four-Year High

Economic DataInflationCommodities & Raw Materials

The ISM manufacturing prices-paid gauge rose to 84.6, a four-year high, marking a fourth straight monthly increase. The reading points to persistent input-cost inflation for manufacturers and may reinforce hawkish rate expectations, though the report is brief and does not provide broader market context.

Analysis

The ISM manufacturing prices-paid gauge rose to 84.6, a four-year high, marking a fourth straight monthly increase. The reading points to persistent input-cost inflation for manufacturers and may reinforce hawkish rate expectations, though the report is brief and does not provide broader market context.

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