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Philadelphia Fed: Micro vs Macro
[private]The headline July Philadelphia Fed index meets expectations, largely reversing the 11.6-point drop in June, to a -7.7 reading, with a 10.9-point rebound, to +3.2 (consensus: (3.5; Decision Economics: 2.0).Philadelphia Fed-Micro vs Macro – P Ellis 7-21-11[/private]