The Chicago PMI declined while inflation forecasts showed easing, reflecting mixed signals on regional business conditions and broader US economic momentum.
The US Chicago PMI for August registered 41.5, below the expected 46 and down from 47.1 in July, pointing to weakening regional activity. Meanwhile, the US August inflation rate forecast came in at 4.8%, lower than the 5% expectation and slightly below the previous 4.9%, indicating modest easing of price pressures.