But a resurgence in the industry could complicate the Federal Reserve’s ongoing inflation fight, either delaying the first interest rate cut or resulting in fewer cuts this year, some economists say.
Interest rates have been at a two-decade high since July, after the Fed raised rates aggressively over the prior year and a half.
The economy picking up further strength would spook Wall Street because of what it means for interest rates — and some manufacturers say they’re optimistic about the future.
The Bank of Canada announces its latest interest rate decision.
China’s National Bureau of Statistics releases March inflation data.
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