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Tuesday, March 28, 2017
Richmond Fed rises to best since 2010
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.
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.