Empire Fed Unexpectedly Drops As New Orders Tumble, Labor Conditions Deteriorate
by Tyler Durden
ZeroHedge.com
Jul 15, 2016
While recent regional Fed manufacturing indices had shown a pickup in recent weeks, moments ago the Empire Fed, aka the New York State manfucaturing index, disappointed, declining five points from 6 to 0.55, below the 5.0 expected print. The volatile series has now printed below zero, at zero, above zero, below zero, above zero and at zero over the past 6 months.
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