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Empire Fed’s Dead-Cat-Bounce Dies As New Orders, Labor Remain Weak

Monday, October 17, 2016 9:30
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(Before It's News)

zerohedge.com / by Tyler Durden / Oct 17, 2016 8:37 AM

Following September’s mixed bag of disappointing regional Fed surveys, October has started off poorly with a big miss for Empire Fed (-6.8 vs +1.0 exp). June’s dead cat bounce is officially over with the index sliding to 5 month lows led by continued deterioration in New Orders and workweek. Hope rose modestlywith new orders expected to pick up.

Unequivocally not great…

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The post Empire Fed’s Dead-Cat-Bounce Dies As New Orders, Labor Remain Weak appeared first on Silver For The People.

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