Page 126 - Philly Fed News Today

The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for March 2021. Over the past three months, the indexes increased in 49 states and decreased in one state, for a three-month diffusion index of 96. Additionally, in the past month, the indexes increased in 49 states and decreased in one state, for a one-month diffusion index of 96. For comparison purposes, the Philadelphia Fed has also developed a similar coincident index for the entire United St...

Goldman: The Economic Surge Is Starting To Flare Out... And Markets Are Starting To Price It In by Tyler Durden Sunday, Apr 18, 2021 - 10:25 PM A year ago, Goldman Sachs wrote about an adage that came to characterize the market’s response to the pandemic: " investors can not afford to wait for the resolution to a problem that they know will be resolved." And a year later, around the time Wall Street decided that covid is now behind us, the resolution is well and truly underway in the US with ...

Coronavirus Economic Weekly News 18April 2021 News posted last week about economic effects related to the coronavirus 2019-nCoV (aka SARS-CoV-2), which produces COVID-19 disease, has been surveyed and some articles are summarized here. We cover the latest economic data, especially the new coronavirus relief bill and stimulus checks, government funding, the latest employment data, housing market reports, mortgage delinquencies & forbearance, layoffs, lockdowns, and schools, as well as GDP. The ...

by Tyler Durden Saturday, Apr 17, 2021 - 12:31 PM With rates traders still amazed at the shocking bond market response to Thursdays blockbuster economic data, Rabobank strategist Richard McGuire chimes in and writes that the Treasuries market has undergone a “notable” change in the way it reacts to U.S. data since last year, with Thursday’s stellar economic reports seen as reducing the odds of aggressive fiscal stimulus. The “quite remarkable” rally in Treasuries on Thursday followin...

XE Market Analysis: Europe - Apr 16, 2021 The dollar has managed to find a toehold, rising above its prior day high for the first time in nine days today by the measure of the narrow trade-weighted FX index, which printed a three-day high at 91.82. The high marks an extension of the rebound from yesterdays one-month low at 91.49. The low was concomitant with the 10-year Treasury note yield hitting a five-week nadir at 1.53%, which extended the yield correction from the highs seen in late March ...

Believe the Hype (This Time, at Least) There’s a lot of suspicion of daily economic journalism, much of it justified. People like me have to find something to say about markets and the economy every day. There are moves in markets throughout the working week, and new data most days. When everything else is quiet, there is an inevitable tension to over-hype changes that don’t matter that much. This is a temptation that all economic journalists must try to resist. One problem with the over-e...

by Tyler Durden By Michael Every of Rabobank Whats the point - of no return? What’s the point? That’s a question I ask myself more and more frequently. Thursday’s session was a key case in point of that. We got a slew of key US data and it was, almost across the board, fantastically stronger than expected: the Empire PMI at 26.3 vs. 20; initial claims 576K vs. 700K; retail sales up 9.8% m/m(!) vs. 5.8%; Philly Fed at 50.2 vs. 41.5; and only industrial production of 1.4% m/m vs. 2.5% spo...

4/15/2021 1:42:04 PM GMT | By Pablo Piovano DXY meets support in the 91.50 area on Thursday. Advanced Retail Sales crushed estimates in March. Initial Claims dropped to multi-month lows last week. The US Dollar Index (DXY), which gauges the greenback vs. a basket of its main competitors, looks to rebound from recent lows in the 91.50 zone. US Dollar Index ignores data After bottoming out in the 91.50 region, or new 4-week lows, the index now manages to p...

April 2021 Philly Fed Manufacturing Survey Index Improvement Continues Analyst Opinion of the Philly Fed Business Outlook Survey Overall, this report was better than last month but key elements improvement was mixed This is a very noisy index which readers should be reminded is sentiment-based. The Philly Fed historically is one of the more negative of all the Fed manufacturing surveys but has been more positive than the others recently. The index moved from 44.5 to 50.2. Positive numbers indic...

New York, Philadelphia Manufacturing Activity Increase At Faster Rates In April WASHINGTON (dpa-AFX) - Separate reports released by the Federal Reserve Bank of New York and the Federal Reserve Bank of Philadelphia on Thursday showed faster growth in regional manufacturing activity in the month of April. The New York Fed said its general business conditions index climbed to 26.3 in April from 17.4 in March, with a positive reading indicating growth in regional manufacturing activity. Economists ...