Manufacturing activity in the Philadelphia region jumped higher than expected in February to an index reading of 35.9--its highest level since January 2004--according to the city's Federal Reserve Bank. In January, the index was a mere 19.3, and economists had expected only modest gains in February.
The index of leading economic indicators increased by 0.1% in January, following a 0.8% revised gain in December, said the Conference Board. Six of the 10 recorded indicators increased, with the biggest gains in interest-rate spread and supplier deliveries. Economists predict that the economy will continue to gain momentum in the coming months.
Consumer prices increased by 0.4% last month on a seasonally adjusted basis as energy and food prices increased, reported the Labor Department. The energy and food price increase accounted for more than two thirds of the rise. Prices for shelter rose by 0.1%, while for new vehicles and medical services prices fell by 0.1%. During the last 12 months, overall prices were up 1.6%. Inflation, which excludes energy and food prices and is considered a better measure of price trends by the Federal Reserve, rose by 0.2%.
(job data is bad, but others is ok. market still shows very strong)
"I wish it can go lower, but it's kind of wishful thinking. "
however if you miss 1340, then just miss it. it's risk on both way after 1340.
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