Philly Fed signals recession

[staff]

Philly Fed signals recession
      


The Philadelphia Federal Reserve’s measure of manufacturing activity in the mid-Atlantic region plunged in January to a level that has typically signaled a U.S. recession.
The index’s reading in January of a negative 20.9 was the lowest since October 2001, near the end of the last recession. As the chart shows, readings of negative 20 (the [...]
         

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