Philly Fed Surges To Highest Since March 2011 Despite Plunge In Jobs & New Orders

Philly Fed has beaten expectations for 6 months in a row with its biggest surge since the 2009 lows. Against expectations of 19.3, Philly Fed printed 28.0 – highest since March 2011 all-time highs. All sounds awesome right? Umm, no, 7 of 9 internal declined including – New Orders tanked, Employment…

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Philly Fed Surges To Highest Since March 2011 Despite Plunge In Jobs & New Orders

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