» Philadelphia Fed: Volatile Confidence Decision Economics

Philadelphia Fed: Volatile Confidence

Posted May 17, 2012 by Editor

[private]The May Philadelphia Fed survey weakens on every important score, with the only redeeming feature being that the indexes themselves have not been taken too deeply into negative territory.  The message is clearly of shaky activity for Philadelphia-area manufacturers, and–potentially more important under current conditions–that there has been a significant effect on business confidence. US_12-0517_E2[/private]