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U.S. Manufacturing PMI Hits 48-Month High at 55.3 as New Fed Chair Takes Office on May 22

GateNews

2026-05-22 07:10:02

According to Jin10, the U.S. manufacturing sector expanded strongly on May 22, with the S&P Global Manufacturing PMI rising to 55.3, marking the highest level in 48 months, while the newly appointed Federal Reserve Chair was sworn in at 11 a.m. EST (11 p.m. Beijing time). The manufacturing output index also reached 56.2, a 49-month high. These robust figures signal sustained manufacturing strength amid the leadership transition at the Federal Reserve.

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