Freedom Financial Archive | Originally posted March 01, 2023
We always like to look at some of the regional fed data and the two that came out is the Empire from New York and then the Philadelphia Fed. So just starting off so the Empire of manufacturing came in at negative 5.8 expected to be down negative 18.
New Orders were better — still contracting but better — but then on the other hand, prices paid moved higher. So again, prices paid a good leading indicator for inflation. Work Week worsened. Employment dipped to the lowest since the pandemic began, but there still wasn’t as bad as it could have been. New Orders, a good leading indicator, contracting but bounced.
