More mixed news this morning on the economic front. The Philadelphia Fed Index unexpectedly grew by 3.8 points in September, well ahead of the market’s mean estimate, which predicted a 10 point loss. The figure was up from last month’s reading of -12.7.
Meanwhile, the Conference Board’s Leading Indicators Index for August fell by 0.5%, exceeding the 0.2% fall expected by the Street. The plunge was, however, a deceleration from July’y figure of -0.7%.
Graph courtesy Briefing.com
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