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Bespoke: Unlike The Eagles, The Philly Fed Disappoints

TedTed
in Off-Topic
FYI: Although it was still solid, the January report on Manufacturing from the Philadelphia Fed came in slightly weaker than expected. Think about it like the current Eagles without Carson Wentz; not quite as strong but respectable nonetheless. While economists were forecasting the headline reading in this month’s report to come in at a level of 25.0 versus last month’s reading of 27.9, the actual print came in at 22.2. This may not sound like an important level, but keep in mind that it is the 14th straight monthly reading above +20. That has only happened one other time in the history of the survey dating back to 1980!
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/unlike-the-eagles-the-philly-fed-disappoints/

Comments

  • MarkMark
    Ah yes, respectable indeed, but SB52 is coming back home. I'd show you the play again but no doubt you're still in disbelief as are most of the eskimo's around here.
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