Philly Fed Flashes ‘Stagflation Dead-Ahead’ Warning As Prices Paid Hits 7-Year High
by Tyler Durden
ZeroHedge.com
Thu, 04/19/2018
While Philly Fed’s headline index marginally beat expectations, under the hood, things are not so promising as Prices Paid surged to 7 years highs and Prices Received did not (crushing margins).
Worse still, expectations for new orders (down) and prices (up) signal stagflation dead-ahead.
The Rest…HERE
