It’s not always sunny in Philadelphia.
The Philadelphia Business outlook remains grim at -23. This comes after yesterday’s terrible Empire State print.
Between Biden’s energy policies and massive spending by Biden/Congress, we are seeing the raging effects of inflation on the economy.
Here is Biden’s Press Secretary trying to explain how marvelous the US economy is.
See also The Empire Strikes Out! Empire State Conditions Declines To -24.6 For March As PPI Final Demand Cools To 4.6% As Fed Cools Rates
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