US January Philly Fed -8.9 vs -11.0 expected

• Prior was -13.7
• New orders -10.9 vs -22.3 prior
• Employment +10.9 vs -0.9 prior
• Avg workweek +4.0 vs -6.6 prior
• Capex +10.5 vs +16.2 prior
• Prices paid +24.5 vs +36.3 prior
• Future activity +4.9 vs -0.9 prior
• Delivery times -5.6 vs -7.2 prior
• Unfilled orders -19.2 vs -14.1 prior

Watching all the regional activity surveys, you can see the bottlenecks and backlogs disappearing at a decent clip. In the big picture, manufacturing is slowing but that's not a surprise given the bullwhip of covid demand. Autos are still holding up the sector as a whole but that will fade by year end. Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term numbers are coming down.