New York Manufacturing Index Unexpectedly Jumps To Over Four-Year High In August
(RTTNews) - New York manufacturing activity grew strongly in the month of August, according to a report released by the Federal Reserve Bank of New York on Monday.
(RTTNews) - New York manufacturing activity grew strongly in the month of August, according to a report released by the Federal Reserve Bank of New York on Monday.
BELLINGS Intelligence Score: 65
Why it matters
The unexpected surge in the New York Manufacturing Index to a four-year high is a significant macroeconomic data point that could influence Federal Reserve rate expectations and credit market conditions, making it a notable monetary-policy signal for credit-market professionals.
Sources
Nasdaq
New York Manufacturing Index Unexpectedly Jumps To Over Four-Year High In August
(RTTNews) - New York manufacturing activity grew strongly in the month of August, according to a report released by the Federal Reserve Bank of New York on Monday.
Nasdaq
Philly Fed Index Unexpectedly Increases In August
(RTTNews) - Philadelphia-area manufacturing activity continued to expand in the month of August, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday.