Philly Fed Slumps Near Weakest Since Dec 2016 As 'Hope' Tumbles

Having reached its highest since 2014 in mid 2017, Philly Fed has slid notably since and printed 22.2 in January - equaling the weakest since Dec 2016. 'Hope' took a big hit, dropping from 52.70 to 42.2, as new orders and employees weakened.

  • Jan 18, 2018 8:47 AM
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Housing Starts Crash In December

Housing Starts plunged 8.2% MoM in December (5 times worse than expected and the biggest drop since Nov 2016) and November was revised lower as it seems the exuberant steam is coming out of the housing 'recovery'.

  • Jan 18, 2018 8:38 AM
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