FYI: Terrible. That’s just about the only way you can describe Thursday’s release of the Philly Fed Manufacturing report. For a city that booed Santa Claus, we can’t imagine that people in the region are very happy with the latest report. While economists were expecting the headline print to come in at a level of 14.0, which would have been just a slight decline from last month’s reading of 17.0, the actual reading came in at negative 4.1. Yes, you read that correctly, negative 4.1.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/phill-fed-look-at-your-own-risk/
