Empire Fed Tumbles Back Into Contraction As Hope Slumps To 6-Month Lows
by Tyler Durden
ZeroHedge.com
Aug 15, 2016
After 2 brief dead-cat-bounce months of hope, The Empire Fed business survey has tumbled back into contraction (-4.21 missing expectations of +2.0). The index is now at 3 month lows despite rises in the number of employees, average workweek, shipments, and new orders but ‘hope’ tumbles to its lowest since Feb 2016.
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