U.S. industrial production for September exceeded consensus forecasts, indicating stronger-than-expected output from factories, mines, and utilities. The upside surprise feeds into the growth-expectations channel: firmer activity data can push up Treasury yields as markets reprice the likelihood that the Federal Reserve keeps policy restrictive for longer. Cyclical equities tied to manufacturing and capital goods, along with the industrial sector, are most directly exposed, while rate-sensitive sectors such
U.S. Industrial Production Climbs More Than Expected In September
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