Empire Fed Collapses To Six Year Lows As New Orders Crash
Submitted by Tyler Durden on 08/17/2015 – 08:36
Having ‘stabilized’ in recent months, The Empire Fed Manufacturing Survey just collapsed to -14.92 (from 3.86) missing expectations of 4.50 by the biggest margin since 2010. Across the board it was a bloodbath with New Orders crashing, inventories plunging and employment lower.
USD falls, SM Futures fall, bonds bid