Free Trial

Obviously a very weak Philly Fed......>

US DATA REACT
US DATA REACT: Obviously a very weak Philly Fed number. From the survey report:
"The indicators for current activity, new orders, and shipments decreased
markedly from their readings in February."
- Notably, responses were collected from March 9-16, and there was actually a
slight overall increase in employment, so maybe the worst from COVID-19 hitting
the jobs market is yet to come.
- But interestingly, an overall rebound is expected: "The survey's future
indexes suggest that respondents expect declines to be short-lived, inasmuch as
they continue to expect growth in manufacturing activity over a horizon of six
months."

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });