If it holds, it's lights out for the equity markets and the economy barring a rise in inflation. Aside from oil, there's not much sign of sustained acceleration in inflation.
Philly Fed: State Coincident Indexes Increased in 44 States in March
(3-Month Basis)
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From the Philly Fed:
The Federal Reserve Bank of Philadelphia has released the coincident
indexes for the 50 states for March 2024. Over the past three mo...
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