Philly Fed Business Outlook Declines Most Since Trump Took Office

So much for the “Trump Bump.”

Latest Philly Fed print was a bit of a surprise. The regional manufacturing Business Index collapsed from 17.0 to -4.1, the first negative and the lowest print since May 2016.

https://confoundedinterestnet.files.wordpress.com/2019/02/phillydump.png?w=622&h=448

Source: Confounded Interest

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