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June Philadelphia Fed Preview - 8:30........>

US DATA
US DATA: June Philadelphia Fed Preview - 8:30 EDT/13:30 BST
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- The Philadelphia Fed index is expected to fall to 10.7 in June based on the
Bloomberg consensus and to 11.0 based on an MNI survey of analysts. This follows
a sharp increase to 16.6 in May.
- The Empire State index fell below the breakeven point in June, the NY Fed
reported on Monday, so there is a downside risk for Philadelphia Fed as well. 

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