Industrial production rose 0.9% in January, the Federal Reserve reported Wednesday. This is the fourth straight solid increase. The gain was above Wall Street expectations of a 0.5% gain, according to a survey by the Wall Street Journal. Production rose a revised 1.3% in December, down slightly from the prior estimate of a 1.6% gain. What happened: Manufacturing output rose 1% in January after a 0.9% rise in the prior month. Output of motor vehicles fell 0.7% in January after a 0.2% decline in the prior month. Output was held down by the global shortage of semiconductors, the Fed said. Mining production, which ... (full story)