Home / Market Update / US: Philly Fed Nonmanufacturing Index Improves to -17.5 in January From -26.6 in December

US: Philly Fed Nonmanufacturing Index Improves to -17.5 in January From -26.6 in December

The Regional Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey improved to -17.5 in January from -26.6 in December.

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Key Takeaways CPI at 3-year high: Annual U.S. consumer inflation rose to 4.2% in May …