International Economic

Philly Fed index edges past forecasts in March, price pressures ease

By Alexander Bueso

Date: Thursday 21 Mar 2024

(Sharecast News) - Factory sector activity in the U.S. mid-Atlantic region was little changed in March, the results of a closely-followed survey showed.
The Federal Reserve Bank of Philadelphia's manufacturing sector index drifted lower, from a reading of 5.2 for February to 3.2 (consensus: -2.3).

Nevertheless, perhaps the most important...

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