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Philly Fed Smashes Expectations Despite Tumbling New Orders & Employment

zerohedge.com / by Tyler Durden / May 18, 2017 8:40 AM

With ‘soft’ data broadly tumbling to catch down to ‘hard’ data’s demise, today’s Philly Fed exuberance stands out like badly-adjusted sore thumb. Beating expectations by 6 standard deviations (38.8 vs 18.5 exp),

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