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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by confoundedinterest17

The Federal Reserve and Biden Administration are like one massive gaffe machine. And with it, the Empire State manufacturing outlook plunged to -24.6.

An inflation measure, PPI Final Demand YoY declined to 4.6%.

While the Dow is down -1.36% today, European stocks are down -3 to -5%.

Janet “Too low for too long” Yellen before she was made US Treasury Secretary.

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