Richmond Fed at +22 vs +15 expected
The Richmond Fed has ramped up from the worst since 2013 to the best since 2010 in the past 8 months.
Today's reading cruised past expectations at a reading of +22 compared to +15 expected at +17 prior.
Details:
- New orders +26 vs +24 prior
- Employment +20 vs +10 prior
- Wages +21 vs +15 prior
- Inventories +20 vs +14 prior
Great numbers all around. It's not an manufacturing-intensive area but the regions tend to correlate.
