Positives 1)The January Philly index rose to 23.2 from 15.4 and that was 4 pts better than expected. Looking at the coming 6 months, the business outlook got back what it lost last month. Inflation expectations grew further. For prices paid, the outlook jumped by 22.6 pts to the highest since 1988. For those received, expectations rose 7.7 pts to a 5 month high. …
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