Philly Fed Flashes ‘Stagflation Dead-Ahead’ Warning As Prices Paid Hits 7-Year High

Thursday, April 19, 2018
By Paul Martin

by Tyler Durden
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

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