Reply To: Traders Market Weekly: Rates, Debt and the Fed

#53495
Truman
Participant

The Philadelphia Fed Index for February dropped to -24.3 (consensus -8.0) from -8.9 in January, with the New Orders Index slipping to -13.6 from -10.9 and the Prices Paid Index increasing to 26.5 from 24.5.

The key takeaway from the report is that the overall number is the lowest since May 2020 and that firms generally expect prices to moderate in the next six months.