The Fed Brought a Knife to an Inflation Gun Fight - Ep 873
The Peter Schiff Show Podcast
00:00
The Philly Fed Manufacturing Index Collapsed in February
Industrial production for January was expected to rise by 0.5 instead it came out unchanged and they took the December decline of 0.7 and they revised that to a larger decline of 1 percent. The following day we got even worse news on manufacturing coming from the Philly Fed that index was supposed to come in at minus 7.2% in February which would have been an improvement over the minus 8.9 from January. That index collapsed all the way down to minus 24.3 that blew away the low end of estimates was was minus 9.8 the high end was minus 5 February was the sixth consecutive negative reading for the Philly Fed Manufacturing Index that indicates a weak economy if not
Transcript
Play full episode
