Philly Fed Smashes Expectations Despite Tumbling New Orders & Employment

With ‘soft’ data broadly tumbling to catch down to ‘hard’ data’s demise, today’s Philly Fed exuberance stands out like badly-adjusted sore thumb. Beating expectations by 6 standard deviations (38.8 vs 18.5 exp),

This post was published at Zero Hedge on May 18, 2017.