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Breaking Posted 8 hours ago

Chicago PMI collapses to 47.1 in August, largest drop since 2020

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Chicago manufacturing PMI plunged 10.5 points to 47.1 in August, marking the sharpest monthly decline since the pandemic and the lowest reading since December 2025. New orders fell 15.4 points while prices paid hit their highest since February 2022, signaling stagflation. This weakens the US growth narrative traders are pricing into September Fed rate expectations.
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