Philly Fed Survey Disappoints But Hope Rebounds Despite Drop In Jobs


Echoing yesterday’s Empire Fed, the headline Philly Fed print was lower and disappointed expectations but the forward-looking hope-fueled outlook jumped higher.

This rise in hope comes as the number of employees and the average wo4rkweek tumble.

Prices Paid jumped once again – back near the year’s highs – and new orders rebounded from October’s slump.