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Indicator Spotlight

Philly Fed Index: Signal Or Noise?

by Felix Vezina-Poirier, Chief Strategist  

The January Philly Fed Manufacturing index blew past estimates, soaring to 44.3 vs. a revised 10.9 points contraction in December. Most subcomponents rose for both the current and expected categories. Measures of prices paid and received also ticked up.&nbsp…

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