Reply To: Traders Market Weekly: NVidia, AI and The Debt Celling

18 May '23 at 7:50 am #58760

Participant

The May Philadelphia Fed Index improved to -10.4 (consensus -16.0) from -31.3 in April.

That was a better trend than what seen earlier this week for the Empire State Manufacturing Survey, yet it bears pointing out that a number below 0.0 is still indicative of a contraction in manufacturing activity in the region.

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