Philly Fed Survey Signals ‘Widespread Expectations For Growth’, Lower Inflation After yesterday’s surge in the New York Fed’s Manufacturing survey (showing strong new orders and employment), this morning we get their neighbor – the Philly Fed’s – manufacturing survey data… and it’s, umm, quite different… The survey’s index for current general activity fell significantly and turned negative (-12.8 vs +10.0 exp), more than offsetting last month’s increase. Source: Bloomberg However, while the headline sentiment index tumbled, the survey’s future indicators suggest “widespread expectations for growth over the next six months” according to the Philly Fed… Source: Bloomberg Additionally, while the… — Continue at ZeroHedge News : Read More
