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US Empire State business conditions index plunges, fueling recession fears

US Empire State business conditions index plunges, fueling recession fears
In a significant downturn, New York Fed Empire State Business Conditions Index plummeted to -31.8 in May, a drastic drop of -42.6 points from its April reading of 10.8. This disappointing figure significantly underperforms market expectations of -1.9, and any reading below zero signals deteriorating conditions. This precipitous drop comes just a month after the […] The post US Empire State business conditions index plunges, fueling recession fears appeared first on Action Forex... Read More
Posted: May 15 2023, 12:52
Author Name: actionforex
Views: 110239

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