Jump to content

Sign in to follow this  
News Feeds

Empire Fed's Dead-Cat-Bounce Dies As New Orders, Labor Remain Weak

Recommended Posts

Following September's mixed bag of disappointing regional Fed surveys, October has started off poorly with a big miss for Empire Fed (-6.8 vs +1.0 exp). June's dead cat bounce is officially over with the index sliding to 5 month lows led by continued deterioration in New Orders and workweek. Hope rose modestlywith new orders expected to pick up.


Unequivocally not great...






As the Empire Fed warns the labor market remains weak...


After reaching their lowest levels of the year last month, both labor market indexes rose, but remained negative. The employment index increased ten points to -4.7 and the average workweek index edged up one point to -10.4, indicating that employment counts and hours worked continued to decline. The prices paid index increased six points to 22.6, suggesting that input prices continued to rise at a moderate pace, and the prices received index increased three points to 4.7, pointing to a slight upturn in selling prices.




Continue reading...

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  


Important Information

Your Privacy Is Important To Us Learn More: Privacy Policy